Southport, Queensland


Property Description

Permanent Mid-Rise Management Rights In Southport - Only 4 Years Old | Resort Brokers ID : MR006289

This near new management rights to a 4 year old mid-rise development built by Andrews Development in a prime Southport location.

  • Stunning, 4 year old residential development

  • 8 level mid-rise – 50 x 2 bed / 2 bath apartments, 37 in letting pool

  • Excellent tenure - 22 year management agreements

  • Great progressive committee

  • Prime location – short walk to Broadwater, light rail stop, CBD

  • Beautiful 2 bed / 2 bath podium level managers unit with large wrap-around patio

  • Minimal caretaking workload, no set office hours

  • Property inspections are by appointment only

Date updated: 09 Jul 2020 23:00:05

Property Summary

Business Snapshot

Price: $1,280,000 Net Profit: $148,621 Remuneration / Body Corp Salary: $54,636

Managers Unit

Value of Managers Apartment: $450,000Bedrooms: 2Bathrooms: 2

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 51Total Units in Letting Pool: 37Holiday Units: 37Owner Occupy Units: 6Outside Agent Units: 8Agreement Term Remaining: 27 years

Marketing Agent

Marketing Agency


Paul Mueller


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Map Location ( get directions )

Southport, Queensland 4215 Exact map location not provided

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