Biggera Waters, Queensland

Waterfront Management Rights with Spacious Three-Bedroom Unit

SOLD

Business Description

PRICE REDUCED $74K

Hotel Resort Sales presents a rare opportunity to live and work in a beautifully maintained waterfront complex on the stunning Gold Coast. With all the hard work already completed, new owners can step in and enjoy a thriving business in a prime location.

Situated in the heart of Biggera Waters, this business is perfectly positioned near the Broadwater, Harbour Town Premium Outlet, and just a short drive from major theme parks and sporting venues.

Enjoy your downtime with fantastic on-site amenities, including two pools (one heated), two spas, a half-size tennis court, and a BBQ area, all with stunning water views. Additional features include secure underground parking, a boat ramp, and a pontoon for direct water access.

Boasting a net profit just shy of $300k which also includes a solid Body Corporate remuneration of $108K. NO set office hours required, this business offers exceptional flexibility perfect for a couple looking to enjoy a balanced lifestyle.

The recently renovated manager’s residence is a spacious three-bedroom, two-bathroom unit with two balconies and two secure car spaces, providing a comfortable and stylish home. Strong forward bookings, particularly from sports and community groups, ensure excellent occupancy rates through late 2025.

This waterfront opportunity is priced to sell—schedule your inspection today!

Net Profit: $299,774

Property Code: 64

Business Summary

Business Snapshot

Price: SOLD Net Profit: $299,774 Remuneration / Body Corp Salary: $108,615Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $840,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 65Total Units in Letting Pool: 32Owner Occupy Units: 27Outside Agent Units: 5Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesTennis Court: YesBBQ Area: YesMarina Berth: Yes

Marketing Agent

Craig Johnson

Hotel Resort Sales

Key Investment Insights

1. Waterfront management rights in Biggera Waters, prime Gold Coast location near the Broadwater, Harbour Town Premium Outlet, theme parks and sporting venues.
2. Net profit reported $299,774, which includes a substantial Body Corporate remuneration of $108,615.
3. Body Corporate salary reviewed annually by CPI, providing predictable indexed income growth.
4. Managers residence recently renovated, three bedrooms, two bathrooms, two balconies and two secure car spaces, offering comfortable live-in accommodation.
5. Managers apartment valued at $840,000, with the manager’s office on title and pets permitted.
6. Strong forward bookings, especially from sports and community groups, supporting excellent occupancy through late 2025.
7. No set office hours required, offering operational flexibility well suited to a couple seeking lifestyle balance.
8. Complex amenities include two pools (one heated), two spas, a half-size tennis court and a BBQ area, all with water views, enhancing guest appeal.
9. Direct water access features include a boat ramp, pontoon and a marina berth, valuable for waterfront clientele.
10. Complex scale and tenure: 65 total units, 32 in the letting pool, 27 owner-occupied units, five outside agent units, 25-year accommodation agreement with 21 years remaining.
11. Listing indicates a recent price reduction of $74,000 and the snapshot shows the business as sold, signalling buyer interest or recent transaction activity.

Management Rights Multiplier: 5.24
ROI Estimate: 19.09%