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22 YEAR TERM | STRONG SALARY | FLEXIBLE LIVING OR ADD-ON
$1,295,000
Permanent Management Rights, SOUTHPORT QLD
This well-positioned Gold Coast Management Rights business offers secure long-term income, manageable duties, and excellent flexibility for incoming buyers.
Total income is approximately $126,000 p.a., with over $82,000 derived from fixed Body Corporate salary increasing annually by the greater of 3% or CPI. With 22 years remaining on agreements, the business provides strong long-term security and reliable cash flow.
Operations are straightforward with established systems and contractors already in place, making the complex easy to manage and well suited to both first-time buyers and experienced operators seeking a stable addition to their portfolio.
The business includes a two-bedroom manager's apartment, currently leased and generating approximately $34,000 per annum in additional income. A separate onsite office is provided by the Body Corporate at no cost for the manager's exclusive use.
There is also realistic potential to increase the onsite letting pool over time, providing scope for an active operator to further improve overall net profit as additional units are brought into management.
The complex is currently undergoing an external repaint, with further improvement works planned, reflecting a proactive Body Corporate and continued investment in the building's presentation and long-term value.
With its strong guaranteed salary base and manageable workload, this complex also represents an excellent add-on opportunity for an experienced operator in the surrounding area, allowing for easy integration while securing additional long-term income.
Key Features:
22 years remaining on agreements
$82k+ BC salary with annual increases
Total income approx. $126k
Manager's unit income $34k p.a.
Separate office provided at no cost
Easy-to-manage complex
Entry-level or add-on opportunity
Letting growth potential
A secure, low-risk Management Rights investment in a high-demand Gold Coast location. Opportunities with this level of term, stability and flexibility are rarely offered to market.
More Information
- Total Purchase Price: $1,295,000
- Net Income: $ 126,780
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 750,000
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?