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 waterfront location on the Central Gold Coast Broadwater, offering uninterrupted water views and strong holiday appeal.
2. Short walking distance to parks, local shops, restaurants, enhancing guest convenience and occupancy potential.
3. Extensive resort-style amenities including pool, spa, sauna, gym, tennis court, games room, BBQ area, Pay TV and WiFi, supporting strong guest ratings and premium rates.
4. Business currently managed by a single person with no set office hours and established management systems, indicating low labour requirements and operational efficiency.
5. High reported net profit of approximately $500,000, demonstrating strong financial performance.
6. Generous Body Corporate salary of $202,849 with annual CPI reviews, providing stable and increasing owner remuneration.
7. Manager’s apartment on title valued at $750,000, comprising 2 bedrooms, 1 bathroom and 1 car space, included in the offering and adding tangible asset value.
8. Agreement structure is accommodation module, 25-year term with 19 years remaining, offering long-term contractual stability.
9. Mixed complex of 65 units, with 29 in the letting pool and 30 owner-occupied units, indicating a balanced mix of revenue sources and owner engagement.
10. Low external competition within the complex, with only 2 outside agent units and 3 lockup units, supporting retention of letting income.
11. Asking price $2,900,000 implies an attractive return profile, roughly a 17% net profit to price ratio, signalling strong investor yield potential.

Management Rights Multiplier: 4.30
ROI Estimate: 17.24%