Business-only management rights: 27 luxury Southport apartments, 6 in letting

$328k - Business Only

Permanent Management Rights, SOUTHPORT QLD

Ras360 is proud to exclusively present a rare opportunity to acquire management rights for The Mill 2, a premier residential complex in Southport. This offering includes both caretaking and letting rights, with six apartments currently in the letting pool.
The Mill 2, a sister complex to The Mill, is strategically located at 135 Eugaree Street, Southport, placing it at the heart of the Gold Coast's business district. This prime location ensures high demand from both investors and tenants seeking quality living spaces.
The complex comprises 27 spacious two-bedroom, two-bathroom apartments, each thoughtfully designed to offer luxury and comfort. Residents benefit from secure off-street parking and modern amenities, all within a six-story building equipped with full security features and lift access.
The Mill 2 is being sold with a 22-year agreement, providing a stable and long-term investment opportunity. Notably, there is no requirement to own real estate as part of this agreement.
Situated just four kilometres west of Surfers Paradise and 70 kilometres south of Brisbane, Southport offers unparalleled access to major leisure and employment hubs. The area boasts a plethora of shopping and dining options, proximity to two light rail stations, and is a mere 200 metres from the Broadwater Parklands. Additionally, the Gold Coast's renowned beaches, stretching over 50 kilometres, are just two kilometres away. The Gold Coast Health and Knowledge Precinct, home to the Gold Coast University Hospital and Griffith University, is also a short 10-minute drive.

This is a unique chance to manage a distinguished property in one of Queensland's most vibrant locales.

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