Biggera Waters, Queensland

Work Life Balance Opportunity...Contactable Office Hours and 500K Net Profit

$2.3M MR AND $600K UNIT = Total $2.9M

Business Description

Ras360 presents an outstanding opportunity to acquire a thriving holiday management rights business in one of the Gold Coast’s most tightly held Broadwater locations, delivering an impressive $500K net profit, underpinned by a $198K Body Corporate salary and a strong 17% ROI.

Set across seven levels, the complex comprises 66 apartments, with 31 currently in the letting pool. The majority are short-term holiday lets, featuring compact, guest-friendly layouts that appeal to visitors over long-term tenants—helping to maintain a stable and easily managed pool.

Guests enjoy a well-rounded mix of amenities that enhance their experience without overburdening the onsite management. Facilities include a rooftop heated pool and spa with sweeping Broadwater views, a second pool and spa at ground level, a full-size tennis court, gym, sauna, and barbecue areas. All amenities are well-maintained, practical, and simple to service—making the caretaking role highly efficient and easily manageable.

A key advantage of this business is the flexibility around office hours, which are contactable only, meaning the manager is not required to physically sit in the office. This provides genuine lifestyle balance and operational freedom rarely seen in similar complexes. Additionally, an approved nominee can reside in the manager’s unit, offering further flexibility for incoming operators or investors who prefer not to live onsite full-time.

The manager’s residence and on-title office configuration is another standout. The unit includes 1.5 bedrooms, 1 bathroom, and open-plan living with air conditioning, offering comfortable and private accommodation. Adjoining this is a generously sized reception office and separate staff lunch room—all included on title. This expansive footprint not only adds operational ease but also strengthens the long-term value and security of the management rights.

The current owner is stepping away due to family circumstances, presenting a rare opportunity to acquire a high-yield, lifestyle-friendly business with secure agreements, a blue-chip waterfront location, and clear potential for further growth.

Business Summary

Business Snapshot

Price: $2.3M MR AND $600K UNIT = Total $2.9M Net Profit: $500,450 Remuneration / Body Corp Salary: $197,923

Managers Unit

Value of Managers Apartment: $600,000Bedrooms: 2Bathrooms: 1Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 66Total Units in Letting Pool: 31Owner Occupy Units: 34Outside Agent Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 19 years

Marketing Agent

Greg Litzner

0499 00....

Paul Mueller

0439 25....

Ras360

Key Investment Insights

1. $500,450 net profit, underpinned by a $197,923 Body Corporate salary, demonstrating strong owner earnings potential.
2. 17% ROI reported, indicating high yield relative to purchase price.
3. Asking price $2.9M total, comprised of $2.3M management rights and $600K managers unit, allowing buyer clarity on asset split.
4. Managers unit included on title, valued at $600K, listed as 2 bedrooms and 1 bathroom with one car space, providing residential security and capital value.
5. Long contract security, 25 year agreement with 19 years remaining, offering stable recurring income and transferable management rights.
6. Complex of 66 apartments with 31 in the letting pool, majority short-term holiday lets, supporting higher nightly yields and a stable, guest-friendly pool.
7. 34 owner-occupied units and only one outside agent, suggesting limited external competition and easier onsite management.
8. High-appeal Broadwater waterfront location, described as blue-chip and tightly held on the Gold Coast, supporting occupancy and pricing power.
9. Comprehensive amenities including rooftop heated pool and spa with Broadwater views, second pool and spa, full-size tennis court, gym, sauna and barbecue areas, enhancing guest experience without onerous maintenance.
10. Operational efficiency and lifestyle advantages from contactable-only office hours; manager not required to be physically in the office, enabling genuine work–life balance.
11. On-title reception office and separate staff lunch room adjoining the manager’s residence, expanding operational footprint and adding long-term value and security.

Management Rights Multiplier: 4.60
ROI Estimate: 21.76%