Biggera Waters, Queensland

Broadwater Shoreline - Price Review!!

$2,700,000

Business Description

Broadwater Shoreline - Price Review!!

This complex allows for magnificent views over the sparkling Broadwater, and is perfectly located on the quiet northern end of the Gold Coast. Enjoy the lifestyle of relaxed weekends on the beach or walking/cycling along the waterfront pathways that stretch for kilometers in either direction, and furthermore enjoy easy access to Griffith University, Gold Coast University Hospital, and Runaway Bay Shopping Centre and Harbour Town for outlet shopping.

Residents and guests have access to a range of facilities, including a cafe, gymnasium, sauna, and a games room. Two pools are available within the building: one on the ground level and another on the rooftop, offering breathtaking views of the Gold Coast. Images might not depict this complex.

On offer: long term agreements, great net profit, great location, great amenities.

The managers unit comprises 2-bed,1-bath with an open plan living area and a fully functional kitchen. A detached on title office and one secure car space.

To arrange an inspection call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: $2,700,000 Net Profit: $451,300 Remuneration / Body Corp Salary: $202,800

Managers Unit

Value of Managers Apartment: $750,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On Title

Complex Information

Complex Type: HolidayTotal Units in Complex: 66Total Units in Letting Pool: 31Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesSpa: YesSauna: YesGym: YesTennis Court: YesGames Room: YesBBQ Area: YesWIFI: YesFunction Facilities: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Asking price $2,700,000, with reported net profit $500,400, indicating strong cashflow relative to price.
2. Manager remuneration/body corporate salary $198,000, separate to net profit, supporting owner/operator income.
3. Managers apartment included, valued at $600,000, comprising 2 bedrooms, 1 bathroom, an open plan living area, on‑title office, and one secure car space.
4. Long term accommodation agreement originally 25 years, 19 years remaining, providing contractual income stability.
5. Complex type holiday, 66 total units with 30 units in the letting pool, offering potential for revenue management or re‑allocation strategies.
6. Prime Broadwater waterfront location on the quiet northern Gold Coast, with panoramic Broadwater views and rooftop pool vistas.
7. Proximity to major demand drivers, including Griffith University, Gold Coast University Hospital, Runaway Bay Shopping Centre, and Harbour Town outlet shopping.
8. Extensive on‑site amenities including two pools (ground and rooftop), spa, sauna, gymnasium, tennis court, games room, cafe, BBQ area, wifi, and function facilities, enhancing guest appeal and yield potential.
9. On‑title detached office provides operational convenience and asset security for management activities.
10. Offering described as long term agreements with great net profit and great amenities, signalling seller confidence and market positioning.

Management Rights Multiplier: 4.32
ROI Estimate: 16.71%