Southport
$1,136,000
2
2
2
Management Rights
- 52 Total Units
- Permanent Complex Type
- 13 Letting Pool
- $66,738 Remuneration
- $101,527 Net Profit
- $750,000 Manager's Unit
- BBQ, Pets Allowed Features
Property Description
WATER VIEWS - SIZEABLE PROFIT UPSIDE
Contemporary and spacious apartments within the Gold Coast's CBD, featuring magnificent Broadwater views. Superbly located, a short stroll to the Broadwater and only minutes to the Southport business centre, Australia Fair, Chinatown and light rail stations. The location also offers convenient access to the M1 with bus stops only 150 meters away. 21 years remain on management agreements. Minimal repairs and maintenance income. Body Corporate Salary, increasing by at least 3% p.a. represents 65% of net profit. No swimming pool. No set office hours. Plenty of room to grow this straight-forward Gold Coast Management Rights business! With 17 apartments within the building currently managed by external agents, this represents a tremendous opportunity to more than double your letting pool! Manager's apartment, associated with the business and priced at $750,000, is a lovely 2-bedroom, 2-bathroom, 2 car space residence. The office is exclusive use, so need to purchase that. This low maintenance and inviting building offers the onsite manager a great lifestyle with quality tenants queuing up to also enjoy. A wonderful business opportunity presents itself here. Do not wait!
Your Trusted Management Rights and Resort Sales Brokers
