Management Rights - SOUTHPORT, QLD

SOUTHPORT, QLD

$2,070,000

Property Description

Great Complex in Southport

This is a part holiday and part permanent complex. Vendor will be getting a top up to 21 years and will be GV compliant This will be a condition of contract.
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:
$1,500,000
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

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

Email Listing Agent

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