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Albatross is the ideal first timer | Resort Brokers ID : MR008627
$1,100,000
Permanent Management Rights, SOUTHPORT QLD
ResortBrokers presents an outstanding business opportunity in Southport's vibrant community. Albatross Park, a permanent residential complex, features 36 units with 10 in the letting pool, ideal for first-time managers or semi-retirees. Enjoy a robust net profit of approximately $90,000 annually, supported by high rental demand and a supportive body corporate. The manager's unit, valued at $800,000, offers a comfortable three-bedroom residence with a separate office. With 21 years remaining on the Accommodation Module, this low-maintenance complex ensures long-term security and ease of management, enhanced by its prime location near Broadwater and Australia Fair.
- Perfect for first-timer
- Effortless permanent Management Rights with a net profit of approximately $90,000
- Prime central location in Southport, close to Broadwater, Australia Fair, Hospital and the light rail
- Established, low-maintenance complex with strong rental demand
- Ground maintenance subcontractors available if needed
- No required office hours
- Inspections by appointment only
Date updated: 17 Apr 2025 09:53:42
More Information
- Total Purchase Price: $1,100,000
- Net Income: $ 89,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours