Broadbeach, Queensland

HOLIDAY MANAGEMENT RIGHTS PERFECT LOCATION

SOLD

Business Description

A fantastic opportunity exists to purchase an excellent business in the very popular holiday destination of Broadbeach on the Gold Coast. Showing a great net profit and with 23 years left on the agreement this management rights business is an attractive buy.

There are 10 stylishly appointed 1- and 2-bedroom apartments in the letting pool.

Offering a great lifestyle with no set office hours in the agreement, this is a great business for new entrants to the management rights industry.

- Long Agreements

- No set office hours

- Beautiful renovated managers unit

- Fantastic location

- Net profit $179,000

Call now for more information and to arrange an inspection, you won't be disappointed.

Property Code: 1123

Business Summary

Business Snapshot

Price: SOLD Net Profit: $179,068 Remuneration / Body Corp Salary: $59,553Business Value: $805,500

Managers Unit

Value of Managers Apartment: $880,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 29Total Units in Letting Pool: 10Owner Occupy Units: 12Outside Agent Units: 3Lockup Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesSpa: YesBBQ Area: Yes

Marketing Agent

Scott Saunders

Premier Business Sales

Key Investment Insights

1. The business for sale is located in the popular holiday destination of Broadbeach on the Gold Coast.
2. The business has a great net profit and a long agreement term of 23 years.
3. The letting pool consists of 10 stylishly appointed 1- and 2-bedroom apartments.
4. The agreement allows for a great lifestyle with no set office hours.
5. The managers unit has been beautifully renovated.
6. The business is ideal for new entrants to the management rights industry.
7. The complex has a total of 29 units, with 10 in the letting pool and 12 owner-occupied units.
8. The agreement module is "Accommodation" with a 25-year term.
9. The complex features a pool, spa, and BBQ area.
10. The managers unit has a value of $880,000 and includes 2 bedrooms, 2 bathrooms, and 2 car spaces. Pets are also allowed.

Management Rights Multiplier: 4.50
ROI Estimate: 10.62%