Management Rights - SOUTHPORT, QLD

SOUTHPORT, QLD

$1,860,000

Property Description

Great Complex in Southport

This is a part holiday and part permanent complex.
Remember no reasonable offer will be refused.
Please contact Robert Collins on 0404678792 robertc@raas.com.au
or Anna Liu on 0421794797 anna@raas.com.au Joint Exclusive Agents.
Financial Overview

Body Corp Salary:
140435
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$318,000
Manager's Unit Price:
$570,000
Management Rights Price:
$1,330,000
Letting Business

Est. Year Built: 199
Total Units In Complex: 109


Inside Letting Pool

Permanent: 47
Holiday: 17
Corporate: 0
Total: 64

Outside Letting Pool

Lock Up: 0
Outside Agents: 8
Self Managed: 0
Owner Occpd: 37
Total: 45

Number & Type In Letting Pool
Number Type Features
4 1 Bed Unit Fully Furnished
13 2 Bed Units Fully Furnished
15 1 Bed Unit Permanent unfurnished
Tariffs

Booking Type Details
Permanent 1 bed $290 to $330 per week 2 bed $350 to $430 per week
Corporate Varies
Holiday Varies
Manager's Unit & Office

Manager's Unit Size: 3 Bedrooms , 2 Bathroom
Office Reception: on title Large Reception Desk area in the front of a generous foyer with two attached offices.
Office Software: Ezy Rez
Office Hours: 9-5 mon – Fri, 9-12 Sat, Closed Sun
Storage: plenty
Office Computer: yes
Module: Accommodation
Agreement Term: 25 years
Years To Run: 16
Manager's Unit Description: A rare managers apartment, more of house than an apartment. This one comes with 3 large Bedrooms, 2 Bathrooms with a family room, Dining Room, separate laundry and large kitchen to cater to a large family. Outside to a private patio. To cap it off, a door to the office to shut off from work at the end of the day.

Facilities

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

Other Facilities: This is an extremely well run business that is looking for a new owner
• Consistent year on year growth
• Opportunity for further growth
• Experienced staff to assist with transition
• Spacious / modern living accommodation
• Lots of units with outside agents
• Long agreements / lease terms
• Additional income potential
There will be no top up it will have to be done at the next AGM
Vendor wants out
No reasonable offer will be refused.

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

Email Listing Agent

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