Biggera Waters, Queensland

MANAGEMENT RIGHTS OPPORTUNITY GOLD COAST - PREMIUM WATERFRONT PROPERTY

$2,900,000

Business Description

This is a premium management rights opportunity located on the stunning Broadwater of the Central Gold Coast. With uninterrupted views of the Broadwater, and easy walking distance to parks and local shops, this is a popular destination for many holiday makers.

This property boasts a multitude of resort style amenities and is currently being managed by only one person. This business offers a generous Body Corporate Salary of $202,500 to support an outstanding net profit of approximately $500,000.

With no set office hours and strong management systems in place, this is a rare opportunity in a stunning location!

- Comfortable 2 bedroom managers residence

- Resort style amenities

- Uninterrupted views of the Broadwater

- Supportive Body Corporate

- High Net Profit supported by Strong B/C Salary

- Easy walking distance to parks and restaurants

This is an opportunity not to be missed. Call now to book an inspection.

Property Code: 1359

Business Summary

Business Snapshot

Price: $2,900,000 Net Profit: $500,000 Remuneration / Body Corp Salary: $202,849Body corp salary review: CPI Annually

Managers Unit

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

2 bedroom 1 bathroom 1 carspace

Complex Information

Complex Type: MixedTotal Units in Complex: 65Total Units in Letting Pool: 29Owner Occupy Units: 30Outside Agent Units: 2Lockup Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesSpa: YesSauna: YesGym: YesTennis Court: YesGames Room: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Sam Saunders

Premier Business Sales

Key Investment Insights

1. Premium Broadwater waterfront location on the Central Gold Coast, uninterrupted water views and walking distance to parks and restaurants.
2. Listed price $2,900,000 with reported net profit approximately $500,000, indicating strong earnings relative to price.
3. Generous Body Corporate salary of $202,849, reviewed annually by CPI, materially contributes to overall remuneration.
4. Currently operated by a single manager, suggesting low staffing requirements and potential for owner-operator model.
5. Managers residence on title valued at $750,000, 2 bedrooms, 1 bathroom, 1 car space, pets allowed.
6. Resort-style complex amenities include pool, spa, sauna, gym, tennis court, games room, BBQ area, pay TV and WiFi, enhancing guest appeal.
7. Complex size 65 units, with 29 in the letting pool and 30 owner-occupied, indicating a balanced mix of holiday letting and owner use.
8. Mixed complex with 3 lockup units and 2 outside agent units, offering diversity in unit types and management arrangements.
9. Long-term accommodation agreement, originally 25 years with approximately 19 years remaining, provides contract stability.
10. Supportive Body Corporate and established management systems in place, enabling no set office hours and operational efficiency.

Management Rights Multiplier: 4.30
ROI Estimate: 23.26%