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Southport, Queensland 4215

$2,235,000

Management RightsManagement Rights

Gold Coast Money Maker

Management Rights for sale.
Great opportunity to secure a strong performing permanent letting business.
perfect mix of 1 and 2 bedroom apartments.
Very good letting pool.
Body Corporate income $122,607
Net Profit $285,000 (accountant prepared)
Extra income for the manager of $18,000 pa which is not in the figures.
3 bedroom managers unit just adds to the positives.
note this business constitutes FOUR complexes and TWO managers units.
Currently operated by one lady, this business a proven easy operation.
Inspection by appointment only
Talk to me about buying or selling your management rights, i have been selling management rights in Queensland for over 16 years from Cairns to the Gold Coast.
Marketing agent Monty Van Dyk 0413 770 636
www.montyvandyk.com

Business Features

Business Snapshot

Price: $2,235,000Adjusted Net Profit: $285,000 Trial: no

Managers Unit

Value of Managers Apartment: $755,000
  • Bedrooms: 3
  • Car Spaces: 3
  • Office: On Title
2 managers units included in the freehold price of $755,000. One unit is rented earning the owner an extra $18,000 pa which is not included in the net profit.

Financial Snapshot

  • Net Profit: $285,000
  • Body Corporate Salary: $122,607

Complex Information

  • Total Letting Pool: 87
  • Agreement Module: Accommodation
  • Agreement Term: 25 years
This listing last updated: 5th Jul 2017

Marketing Contact

Monty Van Dyk

Marketing Agency

Monty Van Dyk

Alert Property Group Business

Map Location ( get directions )

Southport, Queensland 4215 Exact map location not provided