Broadbeach, Queensland

UNDER CONTRACT - ID 9076

Under Contract / Offer

Business Description

UNDER CONTRACT

Gold Coast Management Rights For Sale
Long Term Vendors Retiring (Presently Run Under Management)

- Agreements will be topped up to 18 years at settlement

- Only metres from patrolled surf beach

- Spacious 3 bedroom residence

- Separate downstairs office

- ideal business for a two person team

- Walking distance to Casino and light rail station

- Located in the midst of shops and restaurants

- Growth opportunity with 14 outside rentals

- Stunning elevated pool with spa and sauna

- Body Corporate salary of $123,630

What a wonderful location for a holiday business, not only a short stroll to the beach but also opposite a shopping centre. Ideally suited to a two person team with some real upside as there are 14 holiday rentals presently not in the manager's letting pool. Vendors are retiring and the building is presently run under management.

Net Profit: $217,674
Total Asking Price: $1,495,000
(Inclusive of manager's real estate)

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

Management Rights Brokers
Gerard Dixon / Phil Trimble

Property Code: 549

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $222,212 Remuneration / Body Corp Salary: $120,164Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $695,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: Exclusive Use
3 bedroom apartment located on the fourth floor, Two bathrooms, Comfortable living space, Fans, Security screens.

Complex Information

Complex Type: HolidayTotal Units in Complex: 79Total Units in Letting Pool: 17Owner Occupy Units: 13Outside Agent Units: 14Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 14 yearsPool: YesSpa: YesGym: YesBBQ Area: Yes
Marketing Agent

Key Investment Insights

Key Insights:

1. The business is a Gold Coast Management Rights for sale, with long-term vendors who are retiring.

2. The agreements for the business will be topped up to 18 years at the time of settlement.

3. The business is located only a few meters from a patrolled surf beach, making it an ideal location for a holiday business.

4. The business includes a spacious 3 bedroom residence and a separate downstairs office.

5. The business is suitable for a two-person team and has potential for growth with 14 outside rentals not currently in the manager's letting pool.

6. The location of the business is within walking distance to a casino and light rail station, as well as being surrounded by shops and restaurants.

7. The complex features a stunning elevated pool with spa and sauna, as well as a gym and BBQ area.

8. The body corporate salary for the business is $123,630.

9. The net profit for the business is $217,674.

10. The total asking price for the business is $1,495,000, which includes the manager's real estate.

11. The managers' unit is valued at $695,000 and includes 3 bedrooms, 2 bathrooms, and 2 car spaces.

12. The complex is a holiday complex with a total of 79 units, 17 of which are in the manager's letting pool.

13. The complex has a mix of owner-occupied units, outside agent units, lockup units, and manager units.

14. The agreement module for the complex is Accommodation, with a term of 25 years and 14 years remaining.

15. The complex features a pool, spa, gym, and BBQ area for guests to enjoy.

Management Rights Multiplier: 3.60
ROI Estimate: 27.78%

Listing location
Gallery

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