LUXURY PERMANENT COMPLEX WITH HIGH NET INCOME

 

An exciting investment opportunity awaits with this minimal workload high income prestigious property. Featuring 117 contemporary apartments over 15 levels, including 115 residential and 2 commercial units, this prime location ensures a secure letting pool. With no office hours or maintenance required, the business offers flexibility, operational efficiency and enables a strong emphasis on property management. Currently run by a team of two there is significant potential for additional repair and maintenance income stream.

The Body Corporate agreement has been extended until 2047, offering a substantial salary with annual increases. The majority of units are in the letting pool, with a luxurious manager's unit featuring 2 bedrooms, 2 bathrooms, and dedicated parking. Additional revenue potential comes from leasing out 8 storage cages. This modern landmark in the heart of Queensland's Gold Coast boasts contemporary design with panoramic views, large balconies, timber flooring, and stone benchtops. Residents enjoy shared rooftop spaces, including a residents-only club lounge, barbecue areas, and more.

  • No set office hours
  • Low maintenance
  • High net profit above $500,000
  • Stable consistent letting pool
  • Additional revenue potential
  • Long agreement in place
  • Beautiful contemporary manager's apartment

Inspection by appointment only.

 

 

 

Suburb Southport
Price $3,828,000
Property Type Business
Property ID 1293
Category Accommodation/Tourism

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Agent Details

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Scott Saunders

0432 144 822
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What our clients say

Scott presented us with a great business opportunity, and guided us every step through the process. Scott's invaluable assistance made the transition of the business a smooth and successful process. We...

Crystal Yuan

Thank you Scott so much for your incredible work and for your support through the Meridian Project from the beginning to the end. We are so appreciative of your work and for going way over and beyond helping...

Maggie & Mike Best

With almost two decades working in Management Rights we have bought and sold several Management Rights through Jim Beard. We met Jim in 2013 and immediately were struck by his fresh, honest and professional...

Neil & Chrissy Simpson

Over the past 10 years we have bought and sold several businesses and David Rotheram has been our "go to" broker through it all.  He has consistently provided us with sound business advice and opportunities;...

Victor Crump and Dr Amanda Murfett

We first met David back in 2001 when he sold our Management Rights at Ormiston.  We had approached other Brokers, who weren't really interested as the complex was tricky to market.  Needless...

Chris and Julie Mitchelson

David recently sold our large holiday resort on the Gold Coast.  David already had purchasers in mind when he listed our property, it then went to contract within the first 2 weeks with 2 back up...

Ray & Louise Thom Pete & Kath Logan