Burleigh Heads, Queensland

Long Term Vendor Says Sell - Now Priced Below Market - ID 8922

$3,090,000

Business Description

Holiday Management Rights For Sale
Magnificent Holiday Business Only 30 Metres from the Beach in Burleigh Heads

- Body Corporate salary over $110,000

- Building has been fully renovated

- Total ROI 16% (business only ROI 24%)

- Agreements to be topped up to 10 years prior to settlement

- Large reception and office on title, no set office hours

- Healthy sinking fund of over $800,000 with very little capital works in the pipeline

- Very organised and well run complex, detailed systems in place for new manager

- Impressive 2 bedroom residence (2023 valuation available to approved purchasers)

- All units have uninterrupted ocean views

- Excellent Body Corporate and proactive committee

On offer is this iconic high rise holiday building located in the established ocean side suburb ofr Burleigh Heads, just across the road from one of the best beaches on the Gold Coast. The location and the building facilities generate a large amount of repeat business.

Net Profit: $501,187
Asking Price: $3,090,000
(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of ths Gold Coast Management Rights Business for sale contact:

Management Rights Brokers:
Gerard Dixon & Phil Trimble

Property Code: 772

Business Summary

Business Snapshot

Price: $3,090,000 Remuneration / Body Corp Salary: $112,001

Managers Unit

Value of Managers Apartment: $990,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Located on the ground floor away from the large reception/office. Two bedrooms, two bathrooms, Single car space, Comfortable living space, Air conditioning, Ceiling fans, Security screens and large private courtyard. Pet permitted with Body Corporate approval. Reception/office on title and separate from the residence.

Complex Information

Complex Type: HolidayTotal Units in Complex: 62Total Units in Letting Pool: 29Owner Occupy Units: 21Outside Agent Units: 8Lockup Units: 3Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 7 yearsPool: YesSpa: YesSauna: YesGym: YesTennis Court: YesGames Room: YesWIFI: Yes
Marketing Agent

Key Investment Insights

Key Insights:

- Body Corporate salary is over $110,000
- Building has been fully renovated
- Total ROI is 16%, with business only ROI at 24%
- Agreements will be topped up to 10 years prior to settlement
- Large reception and office on title with no set office hours
- Healthy sinking fund of over $800,000 with minimal capital works in the pipeline
- Well-organized and efficiently run complex with detailed systems in place for new manager
- Impressive 2 bedroom residence with a 2023 valuation available to approved purchasers
- All units have uninterrupted ocean views
- Excellent Body Corporate with a proactive committee
- Iconic high rise holiday building located in established ocean side suburb with repeat business
- Net profit of $501,187
- Asking price of $3,090,000 (inclusive of Manager's Real Estate)
Listing location

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights, Resorts For Sale

You may also like

OUTSTANDING BUSINESS - BURLEIGH HEADS BEACHFRONT RESORT
Premier Business Sales
OUTSTANDING BUSINESS - BURLEIGH HEADS...

BURLEIGH HEADS

Offers Over $2,995,000

Net Income: $429,321
Managers Estate: $1,200,000 2 Bed 2 Bath
Letting Pool: 44
Remuneration: $85

HOLIDAY COMPLEX IN SOUGHT AFTER BURLEIGH HEADS
Premier Business Sales
HOLIDAY COMPLEX IN SOUGHT AFTER BURLEIGH...

BURLEIGH HEADS

$3,090,000

Net Income: $501,187
Managers Estate: $9,900,000 2 Bed 2 Bath
Letting Pool: 62
Remuneration: $112,001

Permanent Management Rights - Option to Live on or Offsite
Exclusive - 1.86 Multiplier with 3-Bedroom Residence – ID 9144
Mid North Coast Riverfront Leasehold Motel with 25 Year Lease - 1P5993M
No Requirement To Live Onsite - ID 8411
Beachfront Going Concern Tourist Park, Far North Queensland - 1055CPF
FREEHOLD - MIXED-USE COMMERCIAL PROPERTY WITH APPROVALS & EXPANSION POTENTIAL | Resort Brokers ID : FH008317
Exclusive - Outstanding Modern Complex Caretaking Only - ID 9121
LEASEHOLD MOTEL WITH PRIME POSITION & PROVEN PERFORMANCE  | Resort Brokers ID : LH008313
UNLOCK INVESTMENT POTENTIAL: PRIME NARRABRI SERVICED APARTMENTS AWAIT! | Resort Brokers ID : FH008316
Enticing Business Opportunity
Well-established CBD Hotel with Gaming & Accommodation - 1P6039
ACCOMMODATION & TOURISM BUSINESS FOR SALE IN CAPE TRIBULATION - 2820MF
Multi-award winning resort - Tweed Byron Hinterland FHGC | Resort Brokers ID : FH008315
Absolute Beachfront Resort Complex
Waterfront Property within Resort
Drouin Motel - 1P6044
Small Permanent Complex in Southport - ID 8381
Beautiful Redlands Area