Southport, Queensland


Property Description

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

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

Property Summary

Business Snapshot

Price: $1,340,000 Net Profit: $196,000 Remuneration / Body Corp Salary: $101,489Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $420,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 94Total Units in Letting Pool: 48Permanent Units: 48Owner Occupy Units: 22Outside Agent Units: 23Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 5 yearsPool: Yes

Marketing Agent

Marketing Agency

MR Sales

Phil Trimble
MR Sales


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Property Map

Map Location ( get directions )

Southport, Queensland 4215 Exact map location not provided

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