Broadbeach, Queensland
Perfectly Postioned Business Only Opportunity in the Heart of Broadbeach | Resort Brokers ID : MR007974
$717,518
Business Description
This opportunity is perfect for both beginners and seasoned operators. The business is easily managed by one person, making it an ideal choice for those looking to downsize, those venturing into the management rights sector for the first time or even an autonomous add-on business to an existing portfolio. The absence of set office hours provides flexibility, allowing the operator to balance business and personal commitments effectively.
One of the key highlights of this opportunity is the potential to establish a letting business. With 61 units in the complex and a supportive, progressive body corporate, there is significant scope to grow profit by expanding the letting pool. The building's desirable location, just footsteps from Kurrawa SLSC, trendy cafes, bars, and restaurant precincts, and a mere 100m walk to the beach, makes it a popular choice for holiday visitors. Its proximity to the tram line further enhances its accessibility and appeal.
- Desirable, three-year-old building in prime beachfront location
- Potential for significant profit growth through establishing a letting business
- Business operations manageable by a single individual - ideal for beginners or those looking to downscale
- Efficient addition to existing portfolios
- No requirement to purchase property or reside onsite
- Flexible operation with no set office hours
- Progressive and supportive body corporate with an excellent reputation
- Prime location attracting holiday visitors - short walk to beach, shopping, cafes, restaurants, and tram line
- Inspections are appointment only
Date updated: 01 Dec 2023 00:00:06
Business Summary
Business Snapshot
Price: $717,518
Net Profit: $130,000 Remuneration / Body Corp Salary: $123,710
Managers Unit
Complex Information
Complex Type: PermanentTotal Units in Complex: 61Owner Occupy Units: 24Outside Agent Units: 16Lockup Units: 21Agreement Term Remaining: 22 years
Key Investment Insights
Some key insights for this business for sale include:
1. The business is easily managed by one person, making it an ideal choice for beginners or those looking to downsize.
2. There is potential for significant profit growth through establishing a letting business, as there are 61 units in the complex and a supportive body corporate.
3. The building's desirable location, just footsteps from the beach and popular dining and entertainment options, makes it a popular choice for holiday visitors.
4. The business is a three-year-old building, which is in prime beachfront location.
5. The business operations are manageable by a single individual, making it an efficient addition to existing portfolios.
6. There is no requirement to purchase property or reside onsite, providing flexibility for the operator.
7. The business has no set office hours, allowing for a good work-life balance.
8. The body corporate is progressive and supportive, with an excellent reputation.
9. The location of the business further enhances its appeal, as it is within walking distance to the beach, shopping, cafes, restaurants, and tram line.
10. Inspections are by appointment only, highlighting the exclusivity and demand for this opportunity.
