Broadbeach, Queensland

Business For Sale - Established Broadbeach Resort - ID 8662 BL

$2,458,000

Property Description

Management Rights For Sale
Consistent Income - Covid Adjusted

- Mid rise complex with 17 of 28 apartments in the letting pool
- 3 owner occupiers and 6 lock ups
- Long agreement with 22 years remaining
- Proactive Body Corporate and committee
- Resort facilities including roof top spa and BBQ
- Office attached and on title with office hours in agreements - reception wages in P&L
- Current long standing managers looking to retire
- Hirum Trust accounting software
- Healthy sinking fund with minimal capital works
- Organised and well run complex
- Covid-19 adjusted profit & loss statement
- 3 bedroom manager's residence, plenty of storage and 2 undercover parking spaces

This medium rise complex is located in Broadbeach and within close proximity to Kurrawa Surf Club, patrolled beach, Pacific Fair Shopping Centre and the Convention Centre. It is also close to public transport including the light rail which runs north to Helensvale and soon to join south to Coolangatta Airport.

Net Profit: $341,179
Asking Price: $2,458,000
(Inclusive of manager's real estate)

** Confidentiality Conditions Apply **

For further information or to arrange an inspection of this Gold Coast Management Rights Business for sale contact:

Exclusive Management Rights Broker
Phil Trimble

Property Summary

Business Snapshot

Price: $2,458,000 Net Profit: $341,179 Remuneration / Body Corp Salary: $52,147Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $650,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title
Recently refurbished condition, Located on the ground floor, 3 bedrooms, 2 bathrooms, Office and reception on title

Complex Information

Complex Type: HolidayTotal Units in Complex: 28Total Units in Letting Pool: 17Holiday Units: 17Owner Occupy Units: 3Outside Agent Units: 1Lockup Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSauna: YesGym: YesBBQ Area: Yes
Marketing Agent
MR Sales
MR Sales

MR Sales

Listing location
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