Broadbeach, Queensland

Highly Sought After Broadbeach Holiday Resort with Stunning 3 Bedroom Unit

$2,920,000

Business Description

Looking for a highly successful holiday management rights business in the heart of Broadbeach, one of Australia’s premier tourism hotspots?

This opportunity combines a net return of over $389k with a beautifully renovated, open-plan 3 bedroom manager’s residence, making it an exceptional lifestyle and investment opportunity!

This well established holiday resort has been carefully developed by long-term owners, earning glowing reviews and a loyal clientele of returning guests.

Key features include:

* Letting Pool: 21 holiday units and 2 permanent rentals, offering a mix of spacious two- and three-bedroom options.
* Resort Amenities: Heated outdoor pool and spa, full-size tennis court, two saunas, two BBQ areas, games room, and secure underground parking.
* Income & Assistance: A strong net return exceeding $389k, with $24k allocated for part-time staff, ensuring a balanced and manageable workload.

Broadbeach is famous for its vibrant events, such as the Blues and Country Music Festivals, and its unbeatable location puts you within walking distance of Pacific Fair Shopping Centre, The Star Casino, world-class beaches, the G: Link tram, The Convention Centre, and an array of dining and entertainment options.

Opportunities like this featuring a modern, spacious three-bedroom residence do not present often. Contact me today to learn more about this incredible business opportunity!

Net Profit: $389,072

Property Code: 60

Business Summary

Business Snapshot

Price: $2,920,000 Net Profit: $389,072 Remuneration / Body Corp Salary: $140,196Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,055,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: Exclusive UsePets OK: Yes

Full Renovated 3 Bedroom, 2 Bathroom, Separate Laundry, Open Plan, High Ceilings

Complex Information

Complex Type: HolidayTotal Units in Complex: 66Total Units in Letting Pool: 23Owner Occupy Units: 26Outside Agent Units: 8Lockup Units: 9Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesSpa: YesSauna: YesTennis Court: YesGames Room: YesBBQ Area: Yes

Marketing Agent

Craig Johnson

Hotel Resort Sales

Key Investment Insights

1. Highly successful holiday management rights business located in the heart of Broadbeach, one of Australia's premier tourism destinations.
2. Net return of over $389k and a beautifully renovated, open-plan 3 bedroom manager's residence, making it an exceptional lifestyle and investment opportunity.
3. Well-established and carefully developed by long-term owners, earning glowing reviews and a loyal clientele of returning guests.
4. Letting pool of 21 holiday units and 2 permanent rentals, offering a mix of spacious two- and three-bedroom options.
5. Resort amenities include a heated outdoor pool and spa, full-size tennis court, two saunas, two BBQ areas, games room, and secure underground parking.
6. Strong net return exceeding $389k, with $24k allocated for part-time staff, ensuring a balanced and manageable workload.
7. Located within walking distance of Pacific Fair Shopping Centre, The Star Casino, world-class beaches, the G: Link tram, The Convention Centre, and an array of dining and entertainment options.
8. Modern, spacious three-bedroom residence included in the sale, a rare opportunity in this market.
9. Complex information includes a total of 66 units, with 23 in the letting pool, 26 owner-occupied units, and 8 units managed by outside agents.
10. Agreement module is standard with a 10-year term remaining. Resort facilities include a pool, spa, sauna, tennis court, games room, and BBQ area.

Management Rights Multiplier: 4.79
ROI Estimate: 20.86%