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Easy to Run MR with Growth Upside
$250K MR&$850K Unit = Total $1.1M
Permanent Management Rights, SOUTHPORT QLD
This management rights opportunity offers an excellent entry level or lifestyle business in a highly convenient Southport location, ideally suited to a single operator or couple, someone looking to scale back, or a buyer seeking part time hours to complement another income stream.
The managers residence is a sizeable 3 bedroom, 2 bathroom apartment of approximately 118 square metres, complete with secure parking, a large private balcony, and an office on title, removing the need for separate commercial space. Pet friendly approval further enhances the lifestyle appeal.
Caretaking duties are straightforward and easily manageable by a single operator if required. With no office hours attached, the business offers genuine day to day flexibility and an excellent work life balance.
The business generates a net profit of approximately $87,000, supported by a strong body corporate salary of $63,000 per annum. There are currently 10 units in the letting pool, with clear upside through converting additional apartments currently managed by outside agents.
Well positioned close to Southport CBD, the Broadwater, light rail, shopping and dining precincts, the complex benefits from a central location that continues to appeal to both residents and investors. With a supportive body corporate and approximately 19 years remaining on agreements, this is a clean, low maintenance business with solid foundations and genuine growth potential.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $250K MR&$850K Unit = Total $1.1M
- Net Income: $ 87,332
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 850,000
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?