Key Investment Insights
1. Entry level or lifestyle management rights opportunity, suited to a single operator, couple, downsizer, or part‑time owner operator seeking supplementary income.
2. Total asking price $1.1M, comprising $250K for the management rights and $850K for the manager’s apartment.
3. Business generates approximately $87,000 net profit, supported by a body corporate salary of about $63,000 per annum.
4. Manager’s residence is a large circa 118 sqm, 3 bedroom, 2 bathroom apartment, with secure parking for two, a large private balcony, and an office on title.
5. Pet friendly approval for the manager’s apartment enhances lifestyle appeal and tenant flexibility.
6. Caretaking duties are straightforward with no required office hours, offering genuine day to day flexibility and strong work life balance.
7. Letting pool currently includes 10 units, with clear upside from converting additional apartments currently managed by outside agents.
8. Complex comprises 36 units in total, with 16 owner occupied and 9 managed by outside agents, indicating conversion opportunities and mixed ownership makeup.
9. Long dated agreements, 25 year term with approximately 19 years remaining, provide contractual stability and continuity.
10. Well positioned in Southport, close to CBD, the Broadwater, light rail, and shopping and dining precincts, supporting both resident and investor demand.
11. Low maintenance business with a supportive body corporate, solid foundations, and identifiable growth potential through portfolio expansion.
Management Rights Multiplier: 2.86
ROI Estimate: 7.94%
