Broadbeach Waters, Queensland
Broadbeach Waters Permanent Management Rights Opportunity - Flexible Lifestyle with No Real Estate to Purchase
Under Contract / Offer
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: Under Contract / Offer
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
Key Investment Insights
1. Net profit $85,920, with body corporate remuneration $69,436 and annual CPI salary review, indicating a stable income stream.
2. Permanent management rights structure, agreement term 10 years with nine years remaining, providing long-term contractual security.
3. Low capital outlay to buyer, no requirement to purchase an apartment and no real estate transaction needed.
4. Flexible, low-hours operation, approximately 20 hours per week Monday to Friday, no weekend work and no requirement to reside onsite.
5. Secure gated complex with underground parking and an exclusive-use manager office, facilitating professional on-site operations.
6. Small, easy-to-manage portfolio of 32 units, with nine units currently in the letting pool and 19 owner-occupied units, reducing intensive turnover management.
7. Additional income or asset support through two lockup units and two outside-agent managed units.
8. Strong lifestyle and amenity offering including a 23-metre lap pool, spa, sauna and BBQ recreation area, enhancing rental appeal and resident satisfaction.
9. Tropical low-rise landscaping and resort-style environment, supporting premium positioning within the market.
10. Prime Broadbeach Waters location, five minutes’ drive to Pacific Fair, The Star Casino, Broadbeach beachfront and numerous cafes and restaurants, boosting occupancy and letting demand.
11. Current owners operating successfully for over nine years, offering operational continuity and established processes for a smooth handover.
12. Supportive body corporate and straightforward duties with requirement to remain contactable as needed, lowering operational risk for incoming manager.
