Biggera Waters, Queensland

Management Rights on the Water with Three Bedroom Unit

$1,879,000

Business Description

A unique opportunity is available for those who wish to live and work on one of the Gold Coasts spectacular waterways. This immaculately presented complex has had all the hard work done for new owners to reap the rewards.

This Biggera Waters business is centrally located to the Broadwater, Harbour Town Premium Outlet, a short drive to Theme Parks and sporting venues. Your leisure time will be a treat enjoying the wonderful facilities including two Pools (one heated), two Spas, Half Size Tennis Count, BBQ Area all overlooking the beautiful waterway. It also offers secure underground parking, boat ramp and pontoon providing direct water access.

With a healthy Body Corporate renumeration of $119,477, a mix of both holiday and permanent units in the letting pool and NO Set Office Hours on the caretaking and letting agreement, this will suit any duo who are looking for flexibility.

The recently renovated managers unit boasts three bedrooms plus two bathrooms, two balconies and two car spaces.

Thanks to its prime location, this business enjoys popularity among sizeable sports and community groups as well as a substantial number of returning guests which is reflected in the forward bookings already in place for 2024.

This opportunity is attractively priced, don't let this gem slip through your fingers – schedule an inspection today!

Net Profit: $244,268

Property Code: 12

Business Summary

Business Snapshot

Price: $1,879,000 Net Profit: $224,048 Remuneration / Body Corp Salary: $115,528Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $775,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
3 Bedrooms, 2 Bathrooms (recently renovated), ground floor, 2 Car Spaces, 2 Balconies

Complex Information

Complex Type: HolidayTotal Units in Complex: 65Total Units in Letting Pool: 24Owner Occupy Units: 26Outside Agent Units: 8Lockup Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesSpa: YesTennis Court: YesBBQ Area: YesMarina Berth: Yes
Marketing Agent
Hotel Resort Sales

Hotel Resort Sales

Key Investment Insights

Key Insights:

1. Immaculately presented complex with all the hard work already done for new owners to reap the rewards.
2. Prime location near the Broadwater, Harbour Town Premium Outlet, and theme parks.
3. Attractive facilities including two pools, two spas, tennis court, BBQ area, and direct water access.
4. Healthy Body Corporate remuneration of $119,477.
5. Mix of both holiday and permanent units in the letting pool.
6. No set office hours on the caretaking and letting agreement, providing flexibility for owners.
7. Recently renovated managers unit with three bedrooms, two bathrooms, and two car spaces.
8. Popular among sports and community groups, with a substantial number of returning guests.
9. Forward bookings already in place for 2024.
10. Attractively priced at $1,879,000.
11. Net profit of $244,268.
12. Manager's apartment valued at $775,000.
13. Complex type is holiday with a total of 65 units, 24 in the letting pool.
14. Owner occupy units, outside agent units, and lockup units also present.
15. Agreement module is accommodation with a term of 25 years and 18 years remaining.
16. Amenities include a pool, spa, tennis court, BBQ area, and marina berth.

Management Rights Multiplier: 4.93
ROI Estimate: 20.29%

Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights For Sale

You may also like

Enviable Lifestyle with a Reliable Cashflow
Ray White Commercial Gold Coast
Enviable Lifestyle with a Reliable Cashf...

RUNAWAY BAY

$400K MR Business + Offers over $1.375M Villa

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Terrific Holiday Resort Overlooking Far North Queensland's Finest Beach Location
North Queensland Management Rights
Terrific Holiday Resort Overlooking Far...

TRINITY BEACH

$1,875,995

Net Income: $324,000
Managers Estate: $580,000 2 Bed 2 Bath
Letting Pool: 38
Remuneration:

BUSINESS ONLY DUO IN HOT INVESTMENT AREA OFFERS GREAT INCOME & WORK FLEXIBILITY | Resort Brokers ID : MRB008324
ResortBrokers
BUSINESS ONLY DUO IN HOT INVESTMENT AREA...

CHERMSIDE

$1,743,878

Net Income: $317,612
Managers Estate: - - Bed - Bath
Letting Pool: 132
Remuneration: $237,246

Most Attractive Management Rights Offering In The Whitsundays. Enquire Now
North Queensland Management Rights
Most Attractive Management Rights Offering...

AIRLIE BEACH

$1,920,000

Net Income: $368,000
Managers Estate: $620,000 3 Bed 2 Bath
Letting Pool: 30
Remuneration: $110,000

Enticing Business Opportunity
Calvin Bailey Management Rights
Enticing Business Opportunity

TRINITY BEACH

$1,876,304

Net Income: $324,076
Managers Estate: $580,000 2 Bed 2 Bath
Letting Pool: 30
Remuneration: $66,480

Absolute Beachfront Villas & Resort Building
QTHB
Absolute Beachfront Villas & Resort Bui...

QUEENSLAND

$1,800,000 + GST if applicable

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

7 Acre Caravan Park and a Very High Occupancy.
Very busy  22 room Motel Leasehold
Acacia Terraces - 1P6057
Strategic Location Christchurch Central
An Excellent Freehold Going Concern Motel - 1450MF
Another $70,000 Price Reduction - ID 9134
near Bribie  Island
Acquire a premier Main Beach OTP | Resort Brokers ID : OTP008349
High profit management rights- Short Term Accom in Fortitude Valley -  $521K net | Resort Brokers ID : MR008356
BRAND NEW HIGH QUALITY MIXED USE MANAGEMENT RIGHTS OVERLOOKING KIRRA BEACH | Resort Brokers ID : MRB008362
Seeking a dedicated and proactive Building Manager (contractor)
Enviable Lifestyle with a Reliable Cashflow
Freehold Business in Lambton for $3.25M, Developers Dream - 125HF
Large & Profitable in Napier
Lake Boga Pub - 1P6058
Exceptional FHGC Caravan Park for Sale in Historic Charters Towers - 1056CPF
EASY Business and LARGE Remuneration with 3% annual increase!
TWO SIDE-BY-SIDE PERMANENTS NETTING $583K FOR 4.8X MULTIPLIER | Resort Brokers ID : MR008354