Southport
$1,295,000
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
PERFECTLY LOCATED - 22 YEAR TERM
Worthy of any serious buyer's attention, this well-established Gold Coast Management Rights business in a sought-after Southport location presents a solid opportunity combining stable income, long-term agreements, and future upside. Operating within a modern residential apartment building, the business benefits from a structured caretaking operation, reliable Body Corporate remuneration, and consistent rental demand. It is well suited to both first-time buyers seeking a secure entry into Management Rights, and experienced operators looking for a stable long-term asset. Business Highlights: A significant portion of the businesses $126,000 income is derived from secure annual Body Corporate salary, which currently totals over $82,000 p.a. This salary increases yearly by the greater of 3% or CPI, providing a reliable foundation for long-term cash flow. The business is supported by established systems and contractor relationships, ensuring efficient and manageable day-to-day operations. This robust business has 22 years remaining on current Management Agreements providing further comfort for the incoming manager. There is further upside potential through securing additional onsite letting opportunities, with scope to double the rental pool over time. Manager's Unit & Additional Income: The business includes a two-bedroom Manager's apartment, which is currently leased and generating approximately $34,000 per annum in rental income, offering an additional passive income stream and flexibility for the incoming buyer. As an additional bonus, a separate onsite manager's office is provided by the Body Corporate, free of charge, under the Management Agreements and securing exclusive Occupational Authority. Complex & Location: The residential complex is scheduled to receive a full external repaint, delivering a fresh new appearance and further enhancing the overall presentation of the property. Ongoing maintenance and operational improvements have positioned the complex well for future growth. Located in a high-demand Gold Coast suburb, the complex benefits from strong tenant demand and convenient access to local amenities, transport, and lifestyle facilities. Lifestyle & Operation: With structured duties and no set working hours, the incoming manager can enjoy a balanced lifestyle while operating a stable and rewarding business. This opportunity represents a low-risk, long-term Management Rights investment with solid fundamentals and future growth potential.
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