Southport, Queensland

Easy to Run MR with Growth Upside

$250K MR & $850K Unit = Total $1.1M

Business Description

This management rights opportunity offers an excellent entry level or lifestyle business in a highly convenient Southport location, ideally suited to a single operator or couple, someone looking to scale back, or a buyer seeking part time hours to complement another income stream.

The manager’s residence is a sizeable 3 bedroom, 2 bathroom apartment of approximately 118 square metres, complete with secure parking, a large private balcony, and an office on title, removing the need for separate commercial space. Pet friendly approval further enhances the lifestyle appeal.

Caretaking duties are straightforward and easily manageable by a single operator if required. With no office hours attached, the business offers genuine day to day flexibility and an excellent work life balance.

The business generates a net profit of approximately $87,000, supported by a strong body corporate salary of $63,000 per annum. There are currently 10 units in the letting pool, with clear upside through converting additional apartments currently managed by outside agents.

Well positioned close to Southport CBD, the Broadwater, light rail, shopping and dining precincts, the complex benefits from a central location that continues to appeal to both residents and investors. With a supportive body corporate and approximately 19 years remaining on agreements, this is a clean, low maintenance business with solid foundations and genuine growth potential.

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: $250K MR & $850K Unit = Total $1.1M Net Profit: $87,332 Remuneration / Body Corp Salary: $62,701

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 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

1. Entry price breakdown is $250K for management rights and $850K for the manager’s unit, total $1.1M.
2. Business generates net profit of approximately $87,332 per annum.
3. Body corporate salary/remuneration of about $62,701 per annum provides stable contracted income.
4. Manager’s residence is a large 3 bedroom, 2 bathroom apartment of approximately 118 square metres, with two car spaces, a large private balcony, secure parking, and an office on title.
5. Pet friendly approval enhances lifestyle appeal and tenant attraction.
6. Caretaking duties are straightforward with no office hours required, suitable for a single operator, couple, or part-time operator.
7. Low maintenance, long-term agreements provide stability, with original 25 year agreement and approximately 19 years remaining.
8. Clear growth upside from conversion opportunities, nine apartments are currently managed by outside agents and could be added to the letting pool.
9. Current letting pool comprises 10 units out of a 36 unit complex, indicating room to expand rental management revenue.
10. Well positioned close to Southport CBD, the Broadwater, light rail, shopping and dining precincts, supporting tenant demand and investor appeal.
11. Supportive body corporate and a predominantly owner-occupied complex profile, with 16 owner-occupied units, contribute to a stable operating environment.

Management Rights Multiplier: 2.86
ROI Estimate: 7.94%