Burleigh Heads, Queensland

HUGE PRICE REDUCTION - BEST BUYING ON THE GOLD COAST

$2,750,000

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 $514,550

Call now to book an inspection.

Property Code: 1111

Business Summary

Business Snapshot

Price: $2,750,000 Net Profit: $514,550 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

Premier Business Sales

Key Investment Insights

1. Top beachfront location with stunning ocean views
2. Recently completed major building works
3. No set office hours for the manager
4. Great facilities including pool, spa, sauna, gym, and tennis court
5. Strong repeat business from loyal guests
6. Walking distance to popular cafes and restaurants
7. High net profit of $514,550
8. Manager's apartment valued at $990,000
9. 30 units in the letting pool out of a total of 62 units in the complex
10. Agreement module is standard with a 10-year term.

Management Rights Multiplier: 3.42
ROI Estimate: 29.24%