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Rare caretaking-only business in Southportâ no real estate, prime location
$212K - Business Only
Permanent Management Rights, SOUTHPORT QLD
Ras360 is proud to exclusively present this rare opportunity to secure a caretaking-only business. This proposition is genuinely hard to come by in the Southport area.
The Mill is positioned at the business centre of the Gold Coast region in Southport. For this reason, residential complexes here are highly sought after by both investors and tenants looking to secure their slice of the Gold Coast.
The Mill is being sold with a 22-year agreement, with no stipulation to own real estate.
The Mill has no letting appointments and is strictly caretaking-only. However, it does include the Letting Agreement and comprises 27 two-bedroom, two-bathroom apartments, each with one car space.
Located just four kilometres west of the tourist mecca of Surfers Paradise and 70 kilometres south of Brisbane, the Gold Coast suburb of Southport is in high demand from both investors and owner-occupiers.
This precincts popularity is down to the fact that its within easy reach of all the citys major leisure and employment drivers. Theres a myriad of shopping and dining options, two light rail stations, and it is just 200 metres to the Broadwater Parklands and two kilometres to the Gold Coasts world-famous beaches, which stretch for more than 50 kilometres. Its also just 10 minutes from the Gold Coast Health and Knowledge Precinct, which houses Gold Coast University Hospital and Griffith University.
Southport is the ideal stepping-off point from which to indulge in everything the Gold Coast offers exceptional theme parks such as Sea World and Movie World, breathtaking hinterland mountains and national parks, the enchanting Currumbin Wildlife Sanctuary, and unrivalled water-based experiences.
The light rail provides fast and frequent access to Surfers Paradise, Main Beach, Broadbeach, the Broadwater Parklands, and north to Helensvale, where it links with trains to Brisbane City and Brisbane Airport.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $212K - Business Only
- Net Income: $ 36,600
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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