Biggera Waters, Queensland

Exclusive - High Net Holiday Resort - ID 8133

$3,566,000

Business Description

Management Rights For Sale
Northern Gold Coast - Popular Destination for Family Holidays

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

- Fantastic resort style facilities including roof top pool and spa

- Great repeat trade, very popular destination for families

- Long agreements with Body Corporate salary of just over $190,000

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

- Exclusive use office

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. There is also potential for a huge improvement to the bottom-line, as the net profit of $512,000 is based on the occupancy rate of 68% only.

Net Profit: $512,526
Asking Price: $3,566,000
(Inclusive of manager's real estate)

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

Exclusive Management Rights Brokers
Phil Trimble & Gerard Dixon

Property Code: 814

Business Summary

Business Snapshot

Price: $3,566,000 Net Profit: $512,526 Remuneration / Body Corp Salary: $191,448

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: 31Owner Occupy Units: 32Outside Agent Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesSauna: YesGym: YesTennis Court: YesGames Room: YesBBQ Area: YesWIFI: Yes
Marketing Agent

Key Investment Insights

1. Prime location on the northern end of the Gold Coast, a popular destination for family holidays.
2. Fantastic resort-style facilities, including a rooftop pool and spa.
3. Strong repeat trade and high occupancy rates.
4. Long agreements with a Body Corporate salary of over $190,000.
5. 2 bedroom, 1 bathroom manager's residence with a private balcony.
6. Exclusive use office.
7. Potential for improvement to the bottom-line, as the current net profit is based on a 68% occupancy rate.
8. High net income, sufficient to support two families or an investment group.
9. Close proximity to theme parks and only 10 minutes from Surfers Paradise.
10. Asking price of $3,566,000, inclusive of manager's real estate.
11. Experienced and exclusive management rights brokers available for further information and inspections.

Management Rights Multiplier: 5.49
ROI Estimate: 18.20%

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