Broadbeach, Queensland
Unique High Net Income - Broadbeach Management Rights
SOLD
Business Description
This unique long established holiday Management Rights complex is positioned in the heart of Broadbeach.
This three-star property has a selection of one and two bedroom units, all enjoying ocean views. With a large, heated pool and spa, BBQ area and secure underground parking, this Broadbeach complex has the benefit of enjoying many long-term returning guests.
The managers unit included in the sale is a huge 102m2 and comprises of two bedrooms, study, one bathroom plus extra toilet/vanity and offers ocean views.
After 23 years the current owner is set to retire which allows for the astute business person(s) to acquire this money maker of a business. The business can easily by run by one person as there are minimal gardens to maintain and only needs to be contactable onsite between 8am-5pm Monday-Friday and 8am-12pm Saturday.
The current owner has managed this complex in a way to enjoy maximum profits by using a lease back with all 13 units in the holiday letting pool.
This complex is located opposite the beach and parklands and is situated a short stroll from The Star Casino, The Gold Coast Convention and Exhibition Centre, Oasis Shopping Centre, Pacific Fair Shopping Centre, the Light Rail and an array of restaurants and bars.
Net Profit: $468,881
Price: $1,995,000
Property Code: 1066
Business Summary
Key Investment Insights
Key Insights:
1. Long established holiday Management Rights complex in the heart of Broadbeach.
2. Three-star property with one and two bedroom units, all with ocean views.
3. Large heated pool and spa, BBQ area, and secure underground parking.
4. Many long-term returning guests.
5. Managers unit is a spacious 102m2 with two bedrooms, study, and ocean views.
6. Current owner retiring after 23 years, providing an opportunity for a new owner to acquire a profitable business.
7. Business can be easily run by one person with minimal garden maintenance and limited onsite hours.
8. Maximum profits achieved through a lease back arrangement with all 13 units in the holiday letting pool.
9. Located opposite the beach and parklands, close to popular attractions such as The Star Casino and Pacific Fair Shopping Centre.
10. Net profit of $468,881 and asking price of $1,995,000.
