Southport QLD 4215

ResortBrokers presents to the market the stunning Allegra Apartments. A modern complex situated in Southport offering an attractive 13% ROI. Suited to experienced operators or newcomers, this business enjoys genuine management flexibility with easy duties for one operator and no requirement to live onsite or set office hours.

Strong historic financial performance the business has a Net Profit exceeding $500K which is underpinned by 24 years remaining on the agreements. Current owners are moving on to other ventures resulting in a golden opportunity for an astute buyer to acquire this quality, no-nonsense management rights business.

- Robust Net Profit consistently exceeding $500K
- Long-term security with 24-year accommodation module
- Stable income from secured letting pool of 79 out of 115 units
- Minimal duties due to absence of common facilities
- Significant potential for additional repair and maintenance income
- Flexible management with no set office hours
- Manager's ocean-view unit 2 bed / 2 bath / 1 car- no requirement to live onsite - $770K
- Additional rental income potential of circa $35,000 per annum
- Inspections by appointment only