Southport
$1,265,000
2
1
1
Management Rights
- 62 Total Units
- Permanent Complex Type
- 18 Letting Pool
- $82,684 Remuneration
- $126,780 Net Profit
- $750,000 Manager's Unit
- BBQ Features
Property Description
22 YEAR TERM | STRONG SALARY | FLEXIBLE LIVING OR ADD-ON
This well-positioned Gold Coast Management Rights business offers secure long-term income, manageable duties, and excellent flexibility for incoming buyers. Total income is approximately $126,000 p.a., with over $82,000 derived from fixed Body Corporate salary increasing annually by the greater of 3% or CPI. With 22 years remaining on agreements, the business provides strong long-term security and reliable cash flow. Operations are straightforward with established systems and contractors already in place, making the complex easy to manage and well suited to both first-time buyers and experienced operators seeking a stable addition to their portfolio. The business includes a two-bedroom manager's apartment, currently leased and generating approximately $34,000 per annum in additional income. A separate onsite office is provided by the Body Corporate at no cost for the manager's exclusive use. There is also realistic potential to increase the onsite letting pool over time, providing scope for an active operator to further improve overall net profit as additional units are brought into management. The complex is currently undergoing an external repaint, with further improvement works planned, reflecting a proactive Body Corporate and continued investment in the building's presentation and long-term value. With its strong guaranteed salary base and manageable workload, this complex also represents an excellent add-on opportunity for an experienced operator in the surrounding area, allowing for easy integration while securing additional long-term income. Key Features: • 22 years remaining on agreements • $82k+ BC salary with annual increases • Total income approx. $126k • Manager's unit income $34k p.a. • Separate office provided at no cost • Easy-to-manage complex • Entry-level or add-on opportunity • Letting growth potential A secure, low-risk Management Rights investment in a high-demand Gold Coast location. Opportunities with this level of term, stability and flexibility are rarely offered to market.
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