Biggera Waters, Queensland

MANAGEMENT RIGHTS OPPORTUNITY GOLD COAST - PREMIUM WATERFRONT PROPERTY

$2,700,000

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 $451,000.

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: $2,700,000 Net Profit: $500,000 Remuneration / Body Corp Salary: $202,849Business Value: $2,150,000Body 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 Broadwater with uninterrupted water views, high holiday-maker appeal.
2. Strong financials, with net profit cited as approximately $451,000 in the description and $500,000 in the business snapshot.
3. Significant Body Corporate salary supporting owner income, listed at $202,500 in text and $202,849 in snapshot, reviewed annually by CPI.
4. Full asking price and valuation details provided, price $2,700,000, business value $2,150,000, managers apartment value $750,000.
5. Single-person operation to date, indicating potential for owner-operator or scalable staffing efficiencies.
6. No set office hours and established management systems, suggesting flexible operations and streamlined processes.
7. On-title managers unit included, comfortable 2 bedroom, 1 bathroom, 1 car space, office on title, pets permitted.
8. Long-stay management agreement in place, accommodation module with a 25-year term and 19 years remaining.
9. Large mixed complex scale, 65 total units, 29 in the letting pool, 30 owner-occupied, 2 outside agent units, 3 lockup units.
10. Extensive resort-style amenities enhancing guest appeal, including pool, spa, sauna, gym, tennis court, games room, BBQ area, Pay TV and WiFi.
11. Supportive Body Corporate noted, which may reduce governance friction for the manager.
12. Highly walkable location, within easy walking distance to parks and restaurants, adding to year-round occupancy potential.

Management Rights Multiplier: 3.90
ROI Estimate: 18.52%