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Exceptional Opportunity !! Southport, Gold Coast
$3,828,000
Permanent management rights, Southport QLD
Exciting business opportunity awaits with management rights and real estate for a prestigious property. Featuring 117 apartments over 15 levels, including 115 residential and 2 commercial units, this prime location ensures consistent year-round occupancy and efficient management by a team of two. With no office hours or maintenance required, it offers a streamlined management experience.
The Body Corporate agreement has been extended until 2047, offering a substantial salary with annual increases and covering expenses beyond the agreement's scope. The majority of units are in the letting pool, with a luxurious manager's unit featuring 2 bedrooms, 2 bathrooms, and dedicated parking. Additional revenue potential comes from leasing out 8 storage cages.
This modern landmark in the heart of Queensland's Gold Coast boasts contemporary design with panoramic views, large balconies, timber flooring, and stone benchtops. Residents enjoy shared rooftop spaces, including a residents-only club lounge, barbecue areas, and more.
Situated near Broadwater Parklands, Gold Coast Aquatic Centre, Chinatown, and the light rail stop, this property offers a walkability score of 96%. Don't miss out on this opportunity to be part of an iconic destination on the Gold Coast!
More Information
- Total Purchase Price: $3,828,000
- Net Income: $ 501,796
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 772,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?