Southport, Queensland

Lifestyle and Income Without the Live Onsite Requirement

$300K MR & $800K UNIT = Total $1.1M

Business Description

Positioned in one of Southport's most convenient and well connected locations, this outstanding caretaking only management rights business presents a rare opportunity to acquire a simple, low maintenance operation with long term security and exceptional lifestyle flexibility.

With no letting pool to manage, the business is ideally suited to first time operators, owner operators seeking a better work life balance, or experienced managers looking to improve their portfolio. The role consists of straightforward, well defined duties with no office hours, allowing genuine flexibility in how the business is operated.

The business is underpinned by a secure Body Corporate salary of approximately $75,000 per annum, indexed annually to CPI, together with approximately 24 years remaining on the Accommodation Module agreements, providing long term income security and strong lender appeal. Equally appealing is the supportive and collaborative Body Corporate Committee, offering an incoming manager confidence that they are stepping into a well managed and harmonious scheme.

Included in the purchase is a recently refurbished manager's residence featuring two bedrooms, two bathrooms, two secure car spaces and a large storage area. Recent improvements include fresh paint, timber flooring, LED lighting and new blinds throughout. Importantly, the agreements state there is no requirement to reside onsite, creating the opportunity to lease the residence for an estimated $30,000 to $35,000 PA (approximately $575 to $675 per week), providing additional income flexibility.

Conveniently located just minutes from the Broadwater, Griffith University, Gold Coast University Hospital, Australia Fair Shopping Centre, the G light rail and an abundance of cafés, restaurants and everyday amenities, this is an increasingly rare opportunity to secure a long term, caretaking only management rights business with secure CPI indexed income, minimal operational demands and outstanding lifestyle appeal.

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

Business Summary