Management Rights - Southport, QLD

Southport, QLD

$1,777,000

Property Description

MULTIPLIER 4.3, 2 BUSINESSES SOLD TOGETHER

MAIN BEACH MANAGEMENT RIGHT
SOUTHPORT MANAGEMENT RIGHTS

CAN BE SEPARATED AND SOLD SEPARATELY

TOTAL PRICE $1,777,000
BUSINESS PRICE $ 877,000
UNITS x 2 $900,000

ONLY 4.3 MULITPLIER FOR BOTH

SOUTHPORT COMPLEX
59 IN COMPLEX
PERMANENT LETTING POOL 32
OUTSIDE AGENT 1
O, OCC 22
1 LOCK UP

BC SALARY $90, 070
NETTING $122,000
UNIT PRICE $250,000

This complex has a VERY spacious 1 bedroom studio apartment. VERY big. With balcony and aircon. It attaches itself to an office and the office has a separate entry so can be locked off if you would like to let studio out to a caretaker to earn extra $$$. Minimal grounds and lovely pool area. Needs abit of work so potential for capital gain. No office hours

Standard agreement with 7 years (getting a top up)


MAIN BEACH COMPLEX

UNITS IN TOTAL 36
PERMANENT IN LETTING POOL 10
OUTSIDE AGENTS 2
OWNER OCC 20
LOCK UP 4

BC SALARY $ 69 513
UNIT PRICE $650,000
NETTING $82,397

This complex is right at Main beach opposite the beach. Ground floor secure 3 bedroom 2 bathroom apartment….need abit of work but potential for capital gain. No office hours required. Walk to surfers walk to restaurants in Main Beach.

25 year agreement with 20 to run
CAN BE SOLD SEPARATELY....Here exists a wonderful opportunity to have two complexes to run, 5 minutes away from each other. Live in the 3 bedroom ground floor spacious apartment at one at Main beach opposite the beach and run both complexes. The other complex has another managers residence but can be let out to a caretaker OR business partner. Good income for both and minimal work to be done. All figures are the two complexes together. This complex has too many opportunities to list so PLEASE ask for a business summary. Phone Kerrie Lush 0416 084 693 or kerrie@raas.com.au
Financial Overview

Body Corp Salary:
159583
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
Net Profit:
$204,000
Manager's Unit Price:
$900,000
Management Rights Price:
$877,000
Letting Business

Est. Year Built: 1995
Total Units In Complex: 95


Inside Letting Pool

Permanent: 42
Holiday: N/A
Corporate: N/A
Total: 42

Outside Letting Pool

Lock Up: 5
Outside Agents: 5
Self Managed: N/A
Owner Occpd: 42
Total: N/A

Number & Type In Letting Pool
Number Type Features
42 0 Bed
0 Bed
0 Bed
Tariffs

Booking Type Details
Permanent
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 3 Bedrooms , 2 Bathroom
Office Reception:
Office Software:
Office Hours:
Storage:
Office Computer:
Module:
Agreement Term:
Years To Run:
Manager's Unit Description: PLEASE SEE SEE BUSINESS REFERENDUM

Facilities

Pool: Yes
Spa: No
Gym: No
Tennis Court: No
Sauna: No
Foxtel: No
Cable Installed: No
Pets Allowed: Yes
Barbeque Area: No
Wireless: No

Other Facilities:

Property Agent

Kerrie Lush

Kerrie Lush

Phone: 0416 084 693
Office: 1300 282 370

Email Listing Agent

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