Permanent Management Rightsâ Gold Coast Location - High Net, Low Maintenance | Resort Brokers ID : MR008850

$3,500,000

Permanent Management Rights, Southport QLD

A thriving management rights business in the heart of Southport offers efficient, low-maintenance operations with much of the maintenance work contracted out, presenting excellent potential to win back outside lets and grow further.

Comprising 184 apartments (30 in the letting pool) and generating a consistently high net profit of over $429,695 year-on-year, the business is underpinned by a $331,383 Body Corporate salary. This permanent residential complex is supported by 21 years remaining on the accommodation module and a proactive body corporate.

The managers residence is a spacious 3-bedroom, 2-bathroom home with uninterrupted elevated Broadwater views.

- Generous body corporate salary over 75% of the net operating profit
- Prime central Southport location - walk to everything (cafes, restaurants& shopping centre)
- Permanent residential complex with 21 years remaining on the accommodation module
- 184 apartments, 30 in the permanent pool (8 commercial lots)
- Spacious three-bedroom, two-bathroom modern manager's residence withuninterrupted Broadwater views
- Inspections are by appointment only
Date updated: 01 Sep 2025 23:00:01

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: 30
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 146
_{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: 0 years
_{How long has the management rights existed.}

Office Hours: Mon-Fri 9am to 5pm
_{Required Office Hours}

Complex Features: Outdoor heated pool, BBQ area, spa, fully equipped gym, residents cinema, library, secure underground car parking, CCTV.

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: 1

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, renovated â2015â refurbished and finished to a high standard. Front reception desk with secure hatch opening onto foyer. Large back office / meeting room, plus additional office. Private entry from rear.