Broadbeach Waters, Queensland

Broadbeach Waters Permanent Management Rights Opportunity - No Real Estate to Purchase

SOLD

Business Description

Ideally positioned in Broadbeach Waters, this well-established permanent management rights opportunity offers an excellent entry into one of the Gold Coast’s most sought-after locations.

The current owners have successfully operated the business for over nine years and are now offering the opportunity to the market as they prepare for retirement. The secure gated complex features underground parking and comprises of 32 units, with 9 currently in the letting pool. The manager also benefits from an exclusive-use office within the complex.

This tropical inspired low-rise complex is surrounded by beautifully landscaped gardens, the property provides residents with a relaxed, resort-style environment. Residents enjoy a range of facilities including a 23-metre lap pool with spa, sauna and a BBQ recreation area, creating an appealing lifestyle setting within the complex.

This is a rare caretaking and letting opportunity offering outstanding flexibility. There are no set office hours, no requirement to reside onsite, no weekend work and no need to purchase an apartment, making it an ideal option for buyers seeking lifestyle balance. The role offers a secure remuneration package, straightforward duties of approx. 20 hours per week Monday-Friday and an extremely supportive body corporate, with the manager simply required to remain contactable as needed.

Conveniently located just five minutes’ drive from Pacific Fair Shopping Centre, The Star Casino, the Broadbeach beachfront and a wide selection of cafes and restaurants, the complex enjoys easy access to some of the Gold Coast’s best amenities.

An easy-to-manage complex in a prime location, this opportunity is well worth an inspection for anyone looking to secure a flexible and rewarding management rights business on the Gold Coast or add on to an existing business.

Contact Craig today to find out more.

Net: Profit: $85,920

Property Code: 115

Business Summary

Business Snapshot

Price: SOLD Net Profit: $85,920 Remuneration / Body Corp Salary: $69,436Business Value: $350,000Body corp salary review: CPI Annually

Complex Information

Complex Type: PermanentTotal Units in Complex: 32Total Units in Letting Pool: 9Owner Occupy Units: 19Outside Agent Units: 2Lockup Units: 2Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesSpa: YesSauna: YesBBQ Area: Yes

Marketing Agent

Craig Johnson

1300 9....

Hotel Resort Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Reported net profit of $85,920, with body corporate remuneration of $69,436 reviewed annually against CPI.
2. No apartment purchase or onsite residency requirement, reducing property ownership commitments.
3. Straightforward duties require approximately 20 hours Monday to Friday, with no weekend work or set office hours.
4. Nine years remain on the 10 year management agreement.
5. Established business operated by the current owners for over nine years, now offered as they prepare for retirement.
6. Permanent complex comprises 32 units, with nine currently in the letting pool.
7. Exclusive use office within a secure gated complex featuring underground parking.
8. Extremely supportive body corporate, with the manager required to remain contactable as needed.
9. Broadbeach Waters location is five minutes’ drive from Pacific Fair, The Star Casino, Broadbeach beachfront, cafes and restaurants.
10. Landscaped tropical gardens, a 23 metre lap pool, spa, sauna and BBQ recreation area enhance resident appeal.
11. Flexible operating requirements make this a potential addition to an existing management rights business.