Biggera Waters, Queensland

Urgent Sale - $200,000 Price Drop - ID 8133

$2,500,000

Business Description

Management Rights For Sale
Must Be Sold

- Absolute gem located on the northern end of the Gold Coast

- Full resort style facilities including roof top pool and spa

- Great repeat trade, very popular destination for families

- Long agreements with Body Corporate salary of over $200,000

- 2 bedroom, 1 bathroom manager's residence with private balcony

- Exclusive use office

- Ample storage

- Upside potential with maintenance income. Cleaning fees have not been increased for 5 years and salary increase due in July.

Boasting a prime location on the Gold Coast Broadwater, this is a thriving business and an ever popular destination for families seeking a relaxing holiday. Just a short drive to theme parks and only 10 minutes to the heart of Surfers Paradise.

The high net income is sufficient to support two families or an investment group, plus there is considerable growth potential as well.

Net Profit: $451,367
Reduced Asking Price: $2,500,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Brokers
Phil Trimble & Gerard Dixon

Property Code: 1091

Business Summary

Business Snapshot

Price: $2,500,000 Net Profit: $451,367 Remuneration / Body Corp Salary: $202,850Business Value: $1,750,000

Managers Unit

Value of Managers Apartment: $750,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Located on the ground floor, Access to reception, 2 bedrooms, 1 bathroom, Storeroom attached and on title, Private balcony overlooking expansive gardens

Complex Information

Complex Type: MixedTotal Units in Complex: 66Total Units in Letting Pool: 28Owner Occupy Units: 32Outside Agent Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesSpa: YesSauna: YesGym: YesTennis Court: YesGames Room: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Phil Trimble

Gerard Dixon

MR Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Net profit of $451,367, with body corporate remuneration of $202,850.
2. Long term agreements have 18 years remaining, supporting operational continuity.
3. Prime Gold Coast Broadwater location, approximately 10 minutes from Surfers Paradise and near theme parks.
4. Popular family destination with strong repeat trade and extensive resort style facilities.
5. Facilities include rooftop pool and spa, sauna, gym, tennis court, games room, BBQ area and WiFi.
6. Manager’s residence includes two bedrooms, one bathroom, private balcony, garden outlook and attached storeroom.
7. Exclusive use office, reception access and on title storage support efficient onsite operations.
8. Cleaning fees have remained unchanged for five years, while a salary increase is due in July.
9. Maintenance income provides identified upside potential.
10. The complex contains 66 units, including 28 in the letting pool and 32 owner occupied units.
11. The sale includes the management rights business and manager’s real estate, valued at $750,000.
12. Business income is described as sufficient to support two families or an investment group.

Management Rights Multiplier: 3.88
ROI Estimate: 18.05%