Southport, Queensland

MANAGEMENT RIGHTS FOR SALE GOLD COAST- HIGH NET PROFIT PERMANENT

$3,500,000

Business Description

Positioned right in the heart of Southport, Premier Sales presents a permanent management rights opportunity centrally located within one of the Gold Coast’s most vibrant and rapidly growing precincts.

The complex offers low-maintenance operations paired with outstanding Body Corporate Salary offering stable income to the manager. This business is well established with day-to-day responsibilities streamlined to be inherited by the incoming manager, with a proactive and stable body corporate.

The complex features 184 well-appointed apartments, including 28 currently under management (6 Commercial Lots), and consistently delivers an impressive net profit exceeding $429,695 annually. A robust Body Corporate salary of $331,383, representing more than 75% of the net operating profit, further strengthens its financial performance. With 21 years remaining on the agreement and the support of a proactive, engaged body corporate, this well-run residential complex provides exceptional stability, profitability, and long-term security.

- High Body Corporate Salary

- Established Business Model

- Long Agreements

- Excellent 3 Bed Managers Residence

- Manageable Workload

- Desirable, High Growth Location

Call now to arrange an inspection.

Property Code: 1354

Business Summary

Business Snapshot

Price: $3,500,000 Net Profit: $429,695 Remuneration / Body Corp Salary: $331,383Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,200,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: Exclusive UsePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 184Total Units in Letting Pool: 28Owner Occupy Units: 148Outside Agent Units: 7Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesGym: YesBBQ Area: Yes

Marketing Agent

Sam Saunders

Premier Business Sales

Key Investment Insights

1. Located in central Southport, Gold Coast, positioned within a high-growth, vibrant precinct attractive for residents and investors.
2. Strong annual net profit of $429,695, indicating high financial performance for a permanent management rights business.
3. Substantial Body Corporate salary of $331,383, representing over 75% of net operating profit, providing stable recurring income.
4. Body Corporate salary reviewed annually by CPI, offering built-in income protection against inflation.
5. Long-term security with a 25-year agreement and 21 years remaining, reducing near-term renewal risk.
6. Low-maintenance operations and a manageable workload, enabling efficient day-to-day management and easier transition for incoming manager.
7. Well-established business model with a proactive, engaged body corporate, supporting operational stability and governance.
8. Large complex scale, 184 apartments with only 28 currently in the letting pool, implying potential to grow management/letting revenue.
9. High-value 3-bedroom managers residence valued at $1,200,000, featuring 2 bathrooms, 2 car spaces, exclusive-use office and pet-friendly status.
10. Onsite amenities including pool, spa, gym and BBQ area enhance resident appeal and support long-term occupancy.
11. Listed price of $3,500,000, allowing assessment of yield and return based on disclosed net profit and remuneration.

Management Rights Multiplier: 5.35
ROI Estimate: 18.68%