MANAGEMENT RIGHTS FOR SALE GOLD COAST- HIGHT NET PROFIT PERMANENT

$3,500,000

Permanent management rights, Southport QLD

Positioned right in the heart of Southport, Premier Sales presents a permanent management rights opportunity centrally located within one of the Gold Coasts most vibrant and rapidly growing precincts.

The complex offers low-maintenance operations paired with outstanding Body Corporate Salary offering stable income to the manager. This business is well established with day-to-day responsibilities streamlined to be inherited by the incoming manager, with a proactive and stable body corporate.

The complex features 184 well-appointed apartments, including 30 currently under management, and consistently delivers an impressive net profit exceeding $429,695 annually. A robust Body Corporate salary of $331,383, representing more than 75% of the net operating profit, further strengthens its financial performance. With 21 years remaining on the agreement and the support of a proactive, engaged body corporate, this well-run residential complex provides exceptional stability, profitability, and long-term security.

- High Body Corporate Salary
- Established Business Model
- Long Agreements
- Excellent 3 Bed Managers Residence
- Manageable Workload
- Desirable, High Growth Location

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More Information

Financial Overview

Total Purchase Price: $3,500,000
Net Income: $ 429,695 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,200,000
_{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.}

Letting Business

Letting Pool: 28
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 149
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 7
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 184
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 331,383
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 21 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 20 years
_{How long has the management rights existed.}

Office Hours: Yes as Per Agreements
_{Required Office Hours}

Complex Features: Resort Style Swimming Pool, Cinema Room, Gym, BBQ Area, Sauna, Close to Public Transport

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,200,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 0
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Spacious 3 bedroom 2 bathroom residence with uninterrupted views across the Broadwater