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Secure Income, Effortless Lifestyle: Your Dream MLR Awaits at Marine Views!
$350k MR&$600k Unit = Total $950k
Permanent Management Rights, SOUTHPORT QLD
Nestled in the heart of Southport at 140 Marine Parade, Marine Views offers a prime opportunity for those seeking an exceptional lifestyle and business venture. This three-story walk-up complex is ideally located across from the picturesque Broadwater, providing stunning views and easy access to Southports thriving caf culture, shopping precincts, and light rail connections.
The management rights to Marine Views include a Body Corporate salary of $47,368 and a solid net profit of $83,567, making this a secure and high-performing business. With 27 units in total and 15 in the permanent letting pool, this is a streamlined operation that suits either a solo operator or a couple seeking an attractive income and work-life balance.
The managers residence is a spacious, air-conditioned, modern two-bedroom, two-bathroom unit with a separate office. It features a large outdoor courtyard, perfect for entertaining or relaxing. The property also boasts secure undercover parking, a swimming pool, and a barbecue area all low-maintenance amenities that add value for residents and ease of management for the operator.
Located in a prime Southport address with Broadwater views and proximity to dining, retail, and transport options.
Business Opportunity: Permanent letting module with consistent 100% occupancy rates.
Facilities: Swimming pool and barbecue area; no complex facilities requiring heavy maintenance.
Lifestyle: Easy-to-manage property, perfect for a lifestyle business.
This is a rare opportunity to secure management rights in one of Southports most sought-after areas. With its unbeatable location, low-maintenance grounds, and the Gold Coasts high rental demand, Marine Views is an ideal investment for those looking to combine work and leisure.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $350k MR&$600k Unit = Total $950k
- Net Income: $ 83,567
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 600,000
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
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?