Southport, Queensland

Simple Dutites with Spacious, Quality 2 Bed Residence - ID 9245

$1,250,000

Business Description

Permanent Management Rights For Sale
24 Years Remaining on Agreements - Supportive Committee

- Very minimal gardens and lawn areas.

- Simple caretaking duties requiring very few hours.

- Net profit of $111,838

- Body corporate remuneration of $75,165 plus GST, with annual CPI increases.

- All permanent rentals, with only 13 properties in the letting pool, 7 managed by outside agents.

- Long-term 25-year agreement, with 24 years remaining.

- Very friendly and supportive committee.

- Large, separate professional office with its own entrance, attached to the manager's residence and on title.

- Excellent central location, conveniently close to shops, restaurants, public transport, medical centres and much more.

Asking only $1,250,000 (total price, including a very spacious 2-bedroom apartment).

Come and inspect this outstanding opportunity and compare it with others on the market. You will quickly appreciate just how easy and straightforward this business is to operate, as well as the quality and spaciousness of the manager's residence.

Net Profit: $111,838
Asking Price: $1,250,000
(Inclusive of Manager's Real Estate)

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: 1227

Business Summary

Business Snapshot

Price: $1,250,000 Net Profit: $111,838 Remuneration / Body Corp Salary: $75,165Business Value: $450,000

Managers Unit

Value of Managers Apartment: $800,000Bathrooms: 2Car Spaces: 2Office: On Title

Very spacious, quality 2-bedroom apartment featuring 2 bathrooms and 2 secure car spaces. Large, separate professional office with its own entrance, attached to the manager's residence and on title. Excellent central location, conveniently close to shops, restaurants, public transport, medical centres and much more.

Complex Information

Complex Type: PermanentAgreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesBBQ Area: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Reported net profit of $111,838, with a total asking price of $1,250,000 including the manager’s residence.
2. Body corporate remuneration of $75,165 plus GST includes annual CPI increases.
3. Management rights agreements have 24 years remaining, providing a long contractual term.
4. Simple caretaking duties require very few hours, with minimal gardens and lawn areas.
5. Permanent rental operations include 13 properties in the letting pool.
6. Seven properties managed by outside agents offer potential to expand the letting pool, subject to owner appointments.
7. A spacious, quality two bedroom manager’s residence is included in the sale.
8. A large professional office is on title, attached to the residence, with its own separate entrance.
9. Central Gold Coast location offers convenient access to shops, restaurants, public transport and medical centres.
10. A friendly, supportive committee provides a positive working relationship.

Management Rights Multiplier: 4.02
ROI Estimate: 8.95%