Property Description

Business For Sale - Iconic Southport Resort - Permanent Letting - ID 8035 BL

SOUTHPORT RESORT
Permanent Management Rights For Sale
- Current managers retiring after 10 years
- No set office hours, no requirement to live on-site
- Low ground maintenance
- 94 unit complex
- 48 units in the permanent letting pool
- All units are 1 bedroom and studio apartments
- 2 bedroom, 2 bathroom managers unit
- Reception and back office attached and on title

Ideally located on Marine Parade overlooking the Broadwater. It is a mid-rise complex with lifts. Growth potential with 23 units outside let.

Net Profit: $205,000
Asking Price: $1,370,000
(inclusive of managers real estate)

Management Rights Broker - Phil Trimble