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: 20 yearsPool: YesSpa: YesGym: YesBBQ Area: Yes

Marketing Agent

Sam Saunders

Premier Business Sales

Key Investment Insights

1. Listed price $3,500,000, with reported net profit $429,695 per annum.
2. High Body Corporate salary $331,383, representing over 75% of net operating profit, providing income stability.
3. Body Corporate salary reviewed annually by CPI, offering inflation-linked revenue growth.
4. Permanent management rights in Southport, Gold Coast, located in a high-growth, centrally positioned precinct.
5. Large complex of 184 apartments, with a manageable letting pool of 28 units, including 6 commercial lots.
6. Established, low-maintenance operational model with streamlined day-to-day responsibilities and a manageable workload.
7. Long-term security from a lengthy agreement remaining, approximately 20 years, within a 25-year agreement module.
8. Proactive, engaged Body Corporate, noted as stable and supportive, strengthening operational continuity.
9. Managers residence valued at $1,200,000, 3 bedrooms, 2 bathrooms, 2 car spaces, exclusive-use office, pets allowed.
10. On-site amenities include pool, spa, gym and BBQ area, enhancing resident appeal and long-term asset attractiveness.

Management Rights Multiplier: 5.35
ROI Estimate: 18.68%