Biggera Waters, Queensland

Holiday Management Rights on the Broadwater

$1,640,000

Business Description

Nestled in a prime location overlooking the picturesque Broadwater on the Gold Coast, this easy-to-manage holiday resort offers an exceptional opportunity.

Situated directly across from the stunning Biggera Waters Broadwater, guests enjoy proximity to a variety of restaurants, cafes, children’s playgrounds, Harbour Town Premium Outlets, and the Runaway Bay Super Sports Centre.

The resort features 14 fully self-contained holiday apartments in the letting pool, complete with amenities such as a pool, spa, BBQ area, and secure underground parking.

Designed for low maintenance, this resort requires minimal upkeep with limited lawns, gardens, and facilities. Supported by a cooperative body corporate, the management rights come with 21 years remaining on the agreement.

Adding to this attractive package is the well-priced ground-floor manager’s unit, which includes two bedrooms, two bathrooms, a spacious courtyard, and one car space.

Contact me today to discuss further and arrange an inspection.

Net Profit: $231,074

Property Code: 44

Business Summary

Business Snapshot

Price: $1,640,000 Net Profit: $231,074

Managers Unit

Value of Managers Apartment: $585,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

2 Bedroom. 2 Bathroom, Large Courtyard, 1 Car Park

Complex Information

Complex Type: HolidayTotal Units in Complex: 40Total Units in Letting Pool: 15Owner Occupy Units: 21Outside Agent Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesIndoor Pool: YesSpa: YesBBQ Area: Yes

Marketing Agent

Craig Johnson

Hotel Resort Sales

Key Investment Insights

Key Insights:

1. Prime location: The holiday resort is situated in a highly sought-after location overlooking the picturesque Broadwater on the Gold Coast, making it an attractive destination for tourists.

2. Proximity to amenities: Guests staying at the resort have easy access to a variety of restaurants, cafes, children's playgrounds, and shopping centers such as Harbour Town Premium Outlets and the Runaway Bay Super Sports Centre.

3. Easy-to-manage: With only 14 fully self-contained holiday apartments in the letting pool, the resort is designed for low maintenance and requires minimal upkeep.

4. Supportive body corporate: The resort is supported by a cooperative body corporate, providing a stable and supportive environment for the management rights.

5. Long-term agreement: The management rights come with 21 years remaining on the agreement, providing a secure and stable income for the new owner.

6. Attractive package: The well-priced ground-floor manager's unit, which includes two bedrooms, two bathrooms, a spacious courtyard, and one car space, adds to the overall attractiveness of the business for sale.

7. Strong net profit: The business has a strong net profit of $231,074, providing a lucrative opportunity for potential buyers.

8. Pet-friendly: The manager's unit allows pets, making it a desirable option for those with furry companions.

9. Holiday complex: The resort is classified as a holiday complex, providing the opportunity for the new owner to enjoy a holiday lifestyle while running the business.

10. Amenities: The resort offers a range of amenities such as a pool, spa, and BBQ area, providing guests with a comfortable and enjoyable stay.

11. Agreement module: The agreement module is accommodation, providing flexibility for the new owner to manage the business according to their preferences.

12. Long-term potential: With 21 years remaining on the agreement and a strong net profit, the business has long-term potential for growth and success.

Management Rights Multiplier: 4.57
ROI Estimate: 21.90%