Biggera Waters, Queensland

Northern Gold Coast Resort - ID 8047

$1,450,000

Business Description

Mixed Letting Management Rights For Sale
Overlooking the Gold Coast Broadwater

- Mid rise complex located in Biggera Waters

- 40 unit complex with 14 in the letting pool

- Net profit over $200,000

- Body Corporate salary of $75,918 + GST

- Accommodation Module agreements with 20 years remaining

- Excellent Body Corporate and Committee

- Prime location overlooking the spectacular Gold Coast Broadwater

- All systems in place for easy handover to new manager

- Large back office and reception attached and on title

- Minimal gardening

- 2 bedroom, 2 bathroom manager's residence with 1 undercover car space

This complex is located in the northern Gold Coast suburb of Biggera Waters, close to the Broadwater and all of the water activities on offer along with bike/walking tracks, childrens park, public transport, Harbourtown shopping and dining precinct, Charis Seafood and Yacht Club.

Net Profit: $200,372
Asking Price: $1,450,000
(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 Broker
Phil Trimble

Property Code: 1089

Business Summary

Business Snapshot

Price: $1,450,000 Net Profit: $200,372 Remuneration / Body Corp Salary: $75,918

Managers Unit

Value of Managers Apartment: $680,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Two bedrooms, two bathrooms, one undercover car space, air conditioned, ceiling fans, pet permitted with body corporate approval, large courtyard and plenty of storage space, office & reception area is attached and on title.

Complex Information

Complex Type: MixedTotal Units in Complex: 40Total Units in Letting Pool: 14Owner Occupy Units: 23Outside Agent Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Phil Trimble

MR Sales

Key Investment Insights

1. Prime northern Gold Coast location in Biggera Waters overlooking the Broadwater, close to Harbourtown shopping, yacht club, public transport, parks and water activities.
2. Established mid rise mixed complex of 40 units, with 14 units in the letting pool, 23 owner‑occupied units and 3 managed by outside agents, indicating a predominantly owner‑occupied profile.
3. Strong net profit of $200,372, demonstrating healthy cashflow for the management rights business.
4. Body Corporate remuneration of $75,918 plus GST provides a reliable, contracted income stream in addition to letting revenue.
5. Accommodation Module agreement originally 25 years with 20 years remaining, offering long‑term management security.
6. Asking price $1,450,000 is inclusive of the manager’s real estate, with the manager’s apartment valued at $680,000, supporting overall asset value.
7. Manager’s residence is a 2 bedroom, 2 bathroom unit with one undercover car space, air conditioning, large courtyard, storage, pet permitted with approval, facilitating on‑site management.
8. On‑title large back office and reception area attached to the complex provides dedicated workspace and enhances operational control.
9. Onsite amenities include pool, spa, BBQ area and WiFi, supporting guest appeal and higher letting potential.
10. Minimal gardening requirements reduce operational overheads and staffing complexity.
11. “All systems in place” and an excellent Body Corporate and Committee indicate an easy handover and cooperative governance environment.
12. Business model is mixed letting management rights with tangible real estate and management income streams, making it attractive to buyers seeking both property and ongoing management earnings.

Management Rights Multiplier: 3.84
ROI Estimate: 26.02%