Unique High Net Income - Broadbeach Management Rights
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
Property Code: 1066
Key Investment Insights1. Long established holiday Management Rights complex
2. Prime location in the heart of Broadbeach
3. Selection of one and two bedroom units with ocean views
4. Large, heated pool and spa, BBQ area, and secure underground parking
5. Many long-term returning guests
6. Spacious managers unit with ocean views
7. Current owner set to retire after 23 years
8. Minimal gardens to maintain
9. Only need to be contactable onsite during specific hours
10. Maximum profits achieved through lease back with all 13 units in holiday letting pool
11. Opposite the beach and parklands
12. Short stroll to popular attractions such as The Star Casino and Pacific Fair Shopping Centre
13. Net profit of $468,881
14. Price of $1,995,000.