Southport
$1,100,000
2
1
1
Management Rights
- 62 Total Units
- Permanent Complex Type
- 17 Letting Pool
- $82,684 Remuneration
- $130,116 Net Profit
- $750,000 Manager's Unit
- BBQ Features
Property Description
2.7X MULTIPLIER | 22 YEAR TERM | PERMANENT | ENTRY LEVEL OR ADD-ON | SOUTHPORT
This is a rare chance to enter the Gold Coast permanent management rights market at a multiplier well below the current industry standard of 4x. The business is priced at $350,000 against a net profit over $130,000 - a multiplier of just 2.7x. For buyers who understand the market, this gap represents genuine value that is hard to find right now. Located in Southport, the complex sits moments from the Smith Street Motorway, offering fast and easy access across the Gold Coast and beyond. The agreement has 22 years remaining, providing long-term security and stable cash flow from day one. The Body Corporate salary over $82,000 per annum increases annually by the greater of 3% or CPI, giving the incoming owner a reliable and growing income base. The letting pool currently has 17 units, providing a solid income base from day one. The complex has significant untapped letting potential, giving an active operator a clear pathway to grow income well beyond current levels. Operations are simple and well-established. Contractors are already in place, and the workload is manageable by a single person. There is no heavy lifting - just consistent, straightforward day-to-day duties. This permanent complex suits both first-time buyers entering the market at entry level, and experienced operators looking to add a low-maintenance income stream to an existing portfolio. Key Features: ● Total price $1,100,000 (Unit $750,000 | Business $350,000) ● Permanent management rights - entry level or add-on ● Net profit $130,116 p.a. ● Business multiplier 2.7x - well below current market rate ● BC salary $82,684 with annual CPI or 3% increases ● 22 years remaining on agreements ● 17 units in letting pool ● One-person operation - simple daily duties ● Contractors already in place ● Letting pool growth potential ● Moments from Smith Street Motorway, Southport ● Suits first-time buyers and experienced add-on operators
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