FOR SALE
$45K MR & $645k Unit = Total $690K

Contact Agent For Address
Southport QLD 4215

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Car spaces: 2
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Manage your way to relaxation with this 17-unit gem – where minimal effort meets maximum reward!

Step into the market with this appealing 17-unit management rights opportunity. The current owner has successfully managed this venture alongside a full-time job for many years. This low-maintenance property requires minimal effort—no pool, BBQ area, or extensive lawn care. Earn over $27K annually to cover your mortgage while enjoying the comfort of a two-bedroom, two-bathroom unit with secure underground parking for two cars.
Ideal for retirees, young couples, or singles.
With 12 years remaining on the contract, the Body Corporate salary increases annually by 3% or CPI, ensuring steady income growth. Nine units are available for letting to build a rent roll or focus solely on caretaking duties. The managers unit itself is spacious, featuring expansive wrap-around balconies that offer ample outdoor living space. Situated on one of Southport's charming streets, it's conveniently close to the "G", Woolworths, and dining options—making it easy to leave the car behind.
Currently, no license is required—just a strong work ethic. This opportunity demands no more effort than maintaining a large backyard. The option is also available to explore letting if desired.
- Net Profit: $27,287
- Business Price: $45,000 @ 1.64x multiplier
- Unit Price: $645,000
- Total Price: $690,000
- 12 years remaining on Accommodation module
** Ras360 Property Solutions – Specialists in Management Rights | Motels | Hotels | Pubs | Parks **

Property Details for Contact Agent For Address, Southport

Building Type
Commercial

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About Southport 4215

The size of Southport is approximately 14.6 square kilometres. It has 37 parks covering nearly 18.2% of total area. The population of Southport in 2011 was 28,314 people. By 2016 the population was 31,879 showing a population growth of 12.6% in the area during that time. The predominant age group in Southport is 20-29 years. Households in Southport are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Southport work in a professional occupation. In 2011, 41.2% of the homes in Southport were owner-occupied compared with 37.9% in 2016.

Southport has 19,530 properties. Over the last 5 years, Houses in Southport have seen a 71.54% increase in median value, while Units have seen a 97.15% increase. As at 31 October 2024:

  • The median value for Houses in Southport is $1,056,663 while the median value for Units is $718,523.
  • Houses have a median rent of $745 while Units have a median rent of $650.
There are currently 247 properties listed for sale, and 134 properties listed for rent in Southport on OnTheHouse. According to CoreLogic's data, 1031 properties were sold in the past 12 months in Southport.

Suburb Insights for Southport 4215

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Kerrie Lush
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RAAS Property Group
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.