Southport, Queensland

PRICE REDUCED TO SELL | NO REQUIREMENT TO LIVE ON-SITE

$175K MR & $875K UNIT = Total $1.050M

Business Description

This management rights opportunity presents an excellent entry level or lifestyle business in a highly convenient Southport location, ideally suited to a single operator or couple, those looking to scale back, or buyers seeking a flexible business that can comfortably complement another income stream.

The manager's residence comprises a spacious 3 bedroom, 2 bathroom apartment of approximately 118 square metres, complete with secure parking, a large private balcony and an office on title, eliminating the need for separate commercial premises. Pet approval further enhances the appeal for owner occupiers.

Importantly, the agreement provides flexibility around the residence requirement, with an approved nominee able to reside in the manager's apartment and perform the management duties on behalf of a company Manager. This provides additional flexibility for buyers who may not wish to personally reside onsite.

The caretaking duties are straightforward and can be comfortably managed by a single operator if desired. With no prescribed office hours, the business offers genuine day to day flexibility and an enviable work life balance.

The business currently generates a net profit of approximately $87,000, underpinned by a strong Body Corporate salary of approximately $63,000 per annum. There are currently 10 units in the letting pool, with clear upside through securing additional apartments that are presently managed by external agents.

Positioned close to the Southport CBD, Broadwater, light rail, shopping and dining precincts, the complex continues to attract both residents and investors seeking convenience and lifestyle. Supported by a cooperative Body Corporate and approximately 19 years remaining on the agreements, this is a clean, low maintenance business with solid fundamentals and genuine scope for future growth.

Importantly, the vendor is highly motivated and committed to achieving a sale. All genuine and serious offers will be given careful consideration, presenting an outstanding opportunity for buyers to secure excellent value in today's market.

RAS360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks

Business Summary

Business Snapshot

Price: $175K MR & $875K UNIT = Total $1.050M Net Profit: $87,332 Remuneration / Body Corp Salary: $62,701

Managers Unit

Value of Managers Apartment: $875,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 36Total Units in Letting Pool: 10Owner Occupy Units: 16Outside Agent Units: 9Agreement Term: 25 yearsAgreement Term Remaining: 19 years

Marketing Agent

Greg Litzner

0499 00....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Entry level management rights opportunity priced at $175,000, with approximately $87,332 net profit and $62,701 annual Body Corporate remuneration.
2. Spacious 118 square metre, three bedroom, two bathroom manager’s apartment includes secure parking, private balcony and titled office.
3. No requirement to live onsite, with an approved nominee able to reside in the apartment and perform management duties.
4. Straightforward caretaking duties, no prescribed office hours and flexible operations suit a single operator, couple or complementary income stream.
5. Ten apartments currently sit in the letting pool, with potential to secure additional apartments presently managed by external agents.
6. Convenient Southport location near the CBD, Broadwater, light rail, shopping and dining precincts.
7. Permanent complex comprises 36 units, including 16 owner occupied units and nine apartments managed by external agents.
8. Cooperative Body Corporate and approximately 19 years remaining on the agreements support continuity and operational stability.

Management Rights Multiplier: 2.00
ROI Estimate: 8.32%