Burleigh Heads, Queensland

HUGE PRICE REDUCTION - BEST BUYING ON THE GOLD COAST

$2,900,000

Business Description

This Management Rights business ticks all the boxes.

The outstanding Burleigh Heads holiday complex has a high level of repeat business with the same guests rebooking their family holidays year after year. All apartments boast spectacular beach and ocean views and is only a short stroll to some of the best cafes and restaurants on the coast.

The building presents beautifully, has fabulous facilities and with all management systems in place a new owner can simply build on the success of the business.

- Top beach front location

- Major building works recently completed

- No set office hours

- Great facilities

- Strong repeat business

- Walk to some of the best cafes and restaurants

- High Net Profit $518,503

Call now to book an inspection.

Property Code: 1111

Business Summary

Business Snapshot

Price: $2,900,000 Net Profit: $518,503 Remuneration / Body Corp Salary: $107,114Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $990,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title

Complex Information

Complex Type: n/aTotal Units in Complex: 62Total Units in Letting Pool: 30Owner Occupy Units: 20Outside Agent Units: 8Lockup Units: 3Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsPool: YesSpa: YesSauna: YesGym: YesTennis Court: Yes
Marketing Agent
Scott Saunders
Scott Saunders

Premier Business Sales

Premier Business Sales

Key Investment Insights

1. Highly desirable beachfront location with stunning ocean views.
2. Recently completed major building works, ensuring the complex is in top condition.
3. Flexible work schedule with no set office hours.
4. Excellent facilities, including pool, spa, sauna, gym, and tennis court.
5. Strong repeat business from loyal guests who return year after year.
6. Walking distance to popular cafes and restaurants.
7. High net profit of $518,503.
8. Managers unit valued at $990,000.
9. Large complex with 62 units, 30 of which are in the letting pool.
10. Standard agreement module with a 10-year term.
11. Additional income potential through outside agent units and lockup units.
12. On-site office included in the managers unit.
13. Body corporate salary review annually.
14. Great opportunity for a new owner to build on the success of the business.

Management Rights Multiplier: 3.68
ROI Estimate: 27.15%

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