Burleigh Heads, Queensland

Management Rights For Sale – Southern Cross Apartments, Burleigh Heads

$3,300,000

Business Description

Significant Property, Ocean Views, Beachside Lifestyle, 500k Profits

The Southern Cross Holiday Apartment complex is located at the popular and sought after Burleigh Heads beach front. The property is located along ‘The Esplanade’ with easy beach access and glorious ocean or hinterland views from all 60 apartments.

Located amongst great holiday apartment buildings and hotels, Burleigh Heads is a national surfing reserve and has an amazing setting with cafes, restaurants and shopping. The property will also be accessible by light rail with the new extension from Broadbeach to Burleigh Heads.

The Managers Unit

A spacious and private apartment with 2 bedrooms, 2 bathrooms, living, dining kitchen, and direct access to the garden . The managers own the reception and office area, plenty of storage and a lock up car port for 1 car, which forms part of this sale and are on title. The managers apartment is separate from the reception, located on the ground floor and has ocean views.

Management Rights

A management rights operation produces lucrative income and a fantastic lifestyle. The management rights owners income is composed of holiday booking income, long term rental management commissions and building managers pay.

- Business Model | 30 two bedroom and two bathroom apartments in mixed letting pool with room for expansion. A significant level of repeat business that lets you save on bookings commission.

- Complex | Easy maintenance complex. The complex has a heated outdoor swimming pool, spa, gym, two tennis courts, library area, and secure underground parking. A healthy sinking fund of over $800,000 and a great upgrade program in the pipeline. The property has an excellent and productive body corporate committee.

- Fixed Income | An impressive $100,000+ Body Corporate Salary as fixed income

- Term Remaining | Slots of 10 year terms

- Net Profit| AUS$500,000

- Price | AUS$3,300,000 (Managers Apartment:$1,300,000, Management Rights; $2,000,000)

- Selling as the long term managers intend to retire.

- This is a lucrative business and lifestyle opportunity, located at the amazing Burleigh Heads beach front, Gold Coast, QLD.

For more information and to arrange your private viewing, please contact our specialist Management Rights Broker, Dilan De Silva.

Business Summary

Managers Unit

Bedrooms: 2Bathrooms: 2Car Spaces: 1
The Managers Unit A spacious and private apartment with 2 bedrooms, 2 bathrooms, living, dining kitchen, and direct access to the garden . The managers own the reception and office area, plenty of storage and a lock up car port for 1 car, which forms part of this sale and are on title. The managers apartment is separate from the reception, located on the ground floor and has ocean views.

Complex Information

Complex Type: HolidayTotal Units in Complex: 60Manager Units: 1Agreement Term Remaining: 10 yearsPool: YesSauna: YesGym: YesTennis Court: Yes
Marketing Agent
Dilan De Silva
Dilan De Silva

Key Investment Insights

1. Prime location: The Southern Cross Holiday Apartment complex is located in the popular and sought after Burleigh Heads beach front, making it a highly desirable property for potential buyers.

2. Stunning views: The property offers stunning ocean or hinterland views from all 60 apartments, providing a unique and attractive selling point.

3. Beachside lifestyle: The property is located in a vibrant beachside community with easy access to the beach, cafes, restaurants, and shopping, making it an ideal location for a relaxed and enjoyable lifestyle.

4. Potential for growth: The complex has room for expansion with 30 two-bedroom and two-bathroom apartments in the mixed letting pool, providing potential for increased income and business growth.

5. Diverse income streams: The management rights operation generates income from holiday bookings, long-term rental management commissions, and building managers pay, providing a diverse and lucrative income stream for the owners.

6. Well-maintained complex: The complex is well-maintained and offers a range of amenities, including a heated outdoor swimming pool, spa, gym, two tennis courts, and secure underground parking, making it an attractive option for potential buyers.

7. Strong body corporate: The property has a healthy sinking fund of over $800,000 and a proactive body corporate committee, ensuring the ongoing maintenance and improvement of the complex.

8. Fixed income: The property offers a fixed income of over $100,000 as a body corporate salary, providing a stable and reliable source of income for the managers.

9. Long-term tenure: The management rights have remaining terms of 10 years, providing security and stability for the owners.

10. Lucrative business opportunity: With a net profit of $500,000 and a sale price of $3,300,000, this is a highly profitable business opportunity for potential buyers.

11. Retirement opportunity: The current managers are looking to retire, providing an opportunity for new owners to take over and continue the successful operation of the business.
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