Broadbeach, Queensland

Premium Broadbeach Holiday Resort with Stunning 3 Bedroom Managers Unit

$3,075,000

Business Description

Hotel Resort sales is pleased to present a proven, high-performing holiday management rights business in the heart of Broadbeach - one of Australia’s most desirable tourism destinations.

This outstanding opportunity generates a net return of over $400k. Recently refreshed with a full building repaint, the complex is further enhanced by a stylishly renovated, open-plan 3-bedroom manager’s residence, providing the perfect balance of lifestyle and income in one exceptional package.

Carefully nurtured by long-term owners, this well-established resort enjoys glowing reviews, a strong reputation, and a loyal base of returning guests.

Key Highlights:

*Letting Pool: 20 holiday apartments plus 1 permanent rentals, featuring a mix of spacious two- and three-bedroom options.

* Resort Facilities: Heated outdoor pool and spa, full-size tennis court, two saunas, BBQ areas, games room, and secure underground parking.

* Strong Income: Net return exceeding $400k, with $24k allocated for part-time staff to maintain a balanced, manageable workload.

Broadbeach is renowned for its vibrant events, including the annual Blues and Country Music Festivals, while its unbeatable location offers easy access to Pacific Fair Shopping Centre, The Star Casino, pristine beaches, G:link tram, Convention Centre, and a diverse range of dining and entertainment.

Opportunities of this calibre - featuring a spacious, modern 3-bedroom residence are rarely available. Contact Craig today to learn more about this fantastic business opportunity!

Net Profit: $401,350

Property Code: 60

Business Summary

Business Snapshot

Price: $3,075,000 Net Profit: $401,350 Remuneration / Body Corp Salary: $140,196Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,150,000Bedrooms: 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: 21Owner Occupy Units: 27Outside Agent Units: 7Lockup Units: 10Manager 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. High-performing holiday management rights business located in the heart of Broadbeach, one of Australia's most desirable tourism destinations.
2. Net return of over $400k, with $24k allocated for part-time staff to maintain a balanced workload.
3. Recently refreshed with a full building repaint, enhancing the complex's appeal.
4. Stylishly renovated, open-plan 3-bedroom manager's residence provides a perfect balance of lifestyle and income.
5. Carefully nurtured by long-term owners, the resort enjoys glowing reviews, a strong reputation, and a loyal base of returning guests.
6. Letting pool of 20 holiday apartments and 1 permanent rental, featuring a mix of spacious two- and three-bedroom options.
7. Resort facilities include a heated outdoor pool and spa, full-size tennis court, two saunas, BBQ areas, games room, and secure underground parking.
8. Broadbeach offers a vibrant events calendar and easy access to popular attractions such as Pacific Fair Shopping Centre, The Star Casino, and pristine beaches.
9. Rare opportunity to acquire a premium holiday resort with a spacious, modern 3-bedroom manager's residence.
10. Net profit of $401,350 and a remuneration/body corp salary of $140,196, with annual CPI reviews.
11. Complex information includes 66 total units, with 21 in the letting pool and 27 owner-occupied units.
12. Agreement module is standard with a 10-year term and 10 years remaining.
13. On-site amenities include a pool, spa, sauna, tennis court, games room, and BBQ area.

Management Rights Multiplier: 4.80
ROI Estimate: 20.85%