Biggera Waters, Queensland

Price Reduction - Now Below Market Value - ID 8133

$2,700,000

Business Description

Management Rights For Sale
Wonderful holiday business with full resort facilities including a busy externallly operated coffee shop.

- 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: $2,700,000
(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: $2,700,000 Net Profit: $451,367 Remuneration / Body Corp Salary: $202,850Business Value: $1,950,000

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

1. Price reduced below market value, asking $2,700,000 inclusive of manager's real estate, business value listed at $2,150,000.
2. Strong reported net profit, shown as $499,330 in the snapshot, indicating high cashflow for buyers.
3. Substantial Body Corporate remuneration, listed at $201,207, providing stable recurring income.
4. Management agreement is long term, 25-year module with 18 years remaining, offering tenure security.
5. Manager's 2-bedroom, 1-bathroom apartment on title valued at $750,000, ground-floor location with private balcony, storeroom and one car space.
6. Resort-style facilities are comprehensive, including rooftop pool and spa, sauna, gym, tennis court, games room, BBQ area and WiFi, enhancing guest appeal.
7. Busy externally operated coffee shop on-site, providing an additional amenity and potential revenue/footfall driver.
8. Strong repeat trade and family market positioning, described as a very popular destination for families and a holiday business.
9. Prime northern Gold Coast Broadwater location, short drive to theme parks and about 10 minutes to Surfers Paradise, supporting tourism demand.
10. Letting pool composition offers operational control and growth potential, 66 total units with 28 in the letting pool, 32 owner-occupied and 2 outside agent units.
11. Clear upside opportunities from maintenance and cleaning income, cleaning fees unchanged for five years and a salary increase due in July.
12. High net income capable of supporting multiple purchasers, stated as sufficient for two families or an investment group.

Management Rights Multiplier: 4.32
ROI Estimate: 16.72%