Broadbeach, Queensland

Own a legacy of success with boundless growth potential and a business that stands out from the rest.

$10.972M MR & $1.325M Unit = Total $12.297M

Business Description

This is a unique opportunity to own and operate one of the Gold Coast’s most iconic management rights businesses. Located just 150 metres from the beach, this high-rise complex, is a recognised landmark in one of Australia’s fastest-growing regions.

The property boasts a verified net profit of $1,650,000 for FY 2024, underpinned by diverse income streams including holiday and permanent letting, body corporate agreements, and other value-added services.
featuring swimming pools, a spa, a sauna, a gymnasium and BBQ areas.
Secure access is provided via passenger lifts, ensuring convenience and safety for guests and residents alike.

The dual-key manager’s residence offers a two-bedroom, one-bathroom apartment and a one-bedroom, one-bathroom apartment, each with its own kitchen and bathroom, connected by a shared foyer. Additionally, the management facilities include a large, on-title office and reception area and multiple storage areas.

This complex represents a blend of financial stability and growth potential. With the Gold Coast continuing to experience rapid development, attracting tourists year-round and ensuring strong occupancy rates. This is an exceptional chance to leverage the iconic status of this unique building, expand the letting pool, and modernise units to maximise returns.

This is more than just a business; it is an enduring symbol of the growth and success of the Gold Coast

Business Summary

Business Snapshot

Price: $10.972M MR & $1.325M Unit = Total $12.297M Net Profit: $1,650,000 Remuneration / Body Corp Salary: $385,000

Managers Unit

Value of Managers Apartment: $1,325,000Bedrooms: 3Bathrooms: 2Car Spaces: 4

Complex Information

Complex Type: PermanentAgreement Term: 25 years

Marketing Agent

Paul Mueller

0439 25....

Ras360

Key Investment Insights

1. Highly profitable management rights business with a verified net profit of $1,650,000 for FY 2024.
2. Diverse income streams including holiday and permanent letting, body corporate agreements, and other value-added services.
3. Prime location just 150 metres from the beach in one of Australia's fastest-growing regions.
4. Iconic and recognised landmark building with potential for expansion of the letting pool.
5. Dual-key manager's residence with two separate apartments and a large, on-title office and reception area.
6. Secure access provided via passenger lifts for convenience and safety.
7. Potential for modernisation of units to maximize returns.
8. Enduring symbol of the growth and success of the Gold Coast.
9. Total sale price of $12.297M includes $10.972M for management rights and $1.325M for unit.
10. Managers unit valued at $1,325,000 and includes 3 bedrooms, 2 bathrooms, and 4 car spaces.
11. Complex type is permanent with a 25-year agreement term.
12. Strong occupancy rates due to year-round tourist attraction in the Gold Coast region.
13. Opportunity for growth and expansion in a rapidly developing area.
14. Features on-site amenities including swimming pools, spa, sauna, gymnasium, and BBQ areas.
15. Business offers a blend of financial stability and growth potential.

Management Rights Multiplier: 6.65
ROI Estimate: 15.04%