Broadbeach, Queensland

High Net over $1.65 Million Short Term Management Rights

$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. High net profit of $1.65 million for FY 2024
2. Diverse income streams including holiday and permanent letting, body corporate agreements, and other value-added services
3. Iconic and recognised landmark in one of Australia's fastest-growing regions
4. Close proximity to the beach (only 150 metres)
5. Modern and well-maintained complex with amenities such as swimming pools, spa, sauna, gymnasium, and BBQ areas
6. Secure access provided via passenger lifts for convenience and safety
7. Dual-key manager's residence with two separate apartments and a shared foyer
8. Large on-title office and reception area for management facilities
9. Potential for growth and expansion of the letting pool and modernization of units
10. Strong occupancy rates due to the Gold Coast's rapid development and popularity as a tourist destination
11. Total sale price of $12.297 million, including both the management rights and the managers' unit
12. Long agreement term of 25 years
13. Permanent complex type with a stable and consistent income stream
14. Managers' remuneration/body corporate salary of $385,000
15. Enduring symbol of the growth and success of the Gold Coast.

Management Rights Multiplier: 6.65
ROI Estimate: 15.04%