Southport, Queensland
Southport with NET $428,657 - ID 9114
$3,400,000
Business Description
Permanent Management Rights for Sale
Salary $331,375 & Huge Income Growth Potential
- 77% of income derived from stable salaries of $331,375 plus GST
- High net operating profit of $428,657
- All permanent rentals with a very small letting pool of 30, plus 15 with outside agents
- Long-term 25-year agreement with 22 years remaining
- Significant additional income opportunities available, including strong sales commission potential
- Spacious, modern 3-bedroom apartment with 2 bathrooms, secure car space, and an expansive private courtyard
- Professional office with 3 large rooms, front desk, and ample storage
- Stylish, well-maintained modern building
- Exceptional location: shopping centre, restaurants, bars, pharmacy, medical centre, beach, park, and public transport all within walking distance
- Peaceful, high-quality building with first-class facilities
- Located within a highly regarded school catchment
- Low multiplier of only 4.89
Super-stable high income combined with luxury and convenience. Earn more and live your best.
Net Profit: $428,657
Asking Price: $3,400,000
(including 3-bedroom modern apartment and office)
For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:
Management Rights Broker
Bill He
Property Code: 1127
Business Summary
Key Investment Insights
1. High net operating profit of $428,657, indicating strong current cashflow.
2. Stable salary component of $331,375 plus GST, representing 77% of total income.
3. Long-term 25-year management agreement with 22 years remaining, providing tenancy revenue security.
4. Predominantly permanent rentals with a very small internal letting pool of 30 units, plus 15 managed by outside agents, suggesting low vacancy and low turnover.
5. Significant upside via additional income streams, including strong sales commission potential and other ancillary opportunities.
6. Included 3-bedroom modern apartment with 2 bathrooms, secure car space and expansive private courtyard, offering on-site accommodation value.
7. Included professional office fitout with three large rooms, front desk and ample storage, supporting efficient day-to-day operations.
8. Exceptional Gold Coast location within walking distance to shopping centre, restaurants, bars, pharmacy, medical centre, beach, park and public transport, enhancing tenant appeal and ease of management.
9. Peaceful, high-quality building with first-class facilities and stylish, well-maintained modern presentation, supporting premium positioning.
10. Located in a highly regarded school catchment, increasing attractiveness to long-term family tenants.
11. Low price multiplier of 4.89 based on asking price of $3,400,000, indicating a potentially attractive valuation relative to earnings.
12. Asking price includes both the apartment and office, consolidating asset value with the management rights sale.
