Burleigh Heads, Queensland

HOLIDAY COMPLEX IN SORT AFTER BURLEIGH HEADS

$3,300,000

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

- Great facilities

- Strong repeat business

- Walk to some of the best cafes and restaurants

- High Net Profit $500k+

Call now to book an inspection.

Property Code: 1111

Business Summary

Business Snapshot

Price: $3,300,000 Net Profit: $501,187 Remuneration / Body Corp Salary: $101,820Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,200,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title

Complex Information

Complex Type: n/aTotal Units in Complex: 62Total Units in Letting Pool: 29Holiday Units: 29Owner Occupy Units: 21Outside Agent Units: 8Lockup Units: 3Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsPool: YesSpa: YesSauna: YesGym: YesTennis Court: Yes

Marketing Agent

Craig Johnson

Scott Saunders

Premier Business Sales

Key Investment Insights

1. Prime beachfront location in sought-after Burleigh Heads.
2. Strong repeat business with loyal guests rebooking year after year.
3. Recently completed major building works, presenting the complex in excellent condition.
4. Great facilities including pool, spa, sauna, gym, and tennis court.
5. Walking distance to some of the best cafes and restaurants in the area.
6. High net profit of over $500,000.
7. Manager's unit valued at $1.2 million.
8. 29 holiday units in the letting pool, with a total of 62 units in the complex.
9. Standard agreement module with a 10-year term.
10. On-site office included in manager's unit.

Management Rights Multiplier: 4.19
ROI Estimate: 23.87%