Burleigh Heads, Queensland

LOCATION, LOCATION, LOCATION - BURLEIGH HEADS BEACHFRONT RESORT

$3,150,000

Business Description

Perfectly positioned right across from the world – famous Burleigh Beach, this is an unbeatable opportunity to own a thriving business in one of the most sought – after destinations on the Gold Coast.

This building presents beautifully after recent upgrades. There are 44 apartments in the complex, 19 of which are in the letting pool and to compliment this excellent business, is a beautiful 2-bedroom, 2-bathroom renovated ground floor Managers’ Apartment.

The new managers will appreciate the benefits of the excellent systems that the current owners have in place. All the hard work is done. With around 60% of guests booking direct and strong forward bookings in place, this complex is known to be a favourite for guests returning for their Burleigh beachfront holiday. With recently updated manager friendly Management Agreements in place, along with a very supportive BC committee the new owner can focus on driving business growth.

Enquire now to find out more about this fantastic opportunity.

· Net Profit $430,000 +

· No set office hours

· Beautiful 2-bedroom 2-Bathroom ground floor managers apartment

· Strong repeat bookings

· Rated Number 1 accommodation on Trip Advisor in Burleigh Heads

· Quality 2- & 3-Bedroom apartments in the letting pool

Location

Burleigh Heads attracts large numbers of visitors. It is right on The Esplanade and only a short distance to cafes, restaurants, shops, and directly opposite Burleigh beach, this complex has everything holidaymakers need. Burleigh Heads is only a 15-minute drive from Gold Coast Airport. The light rail connection from the northern Gold Coast to Burleigh Heads, is under advanced construction to complete a link to Surfers Paradise and further north.

Burleigh is renowned for its beautiful beaches and famous surf break and offers a fantastic foreshore for picnics or BBQs. There’s a bonus stroll around Burleigh Heads National Park to take in the stunning views of the Gold Coast.

Property Code: 1302

Business Summary

Business Snapshot

Price: $3,150,000 Net Profit: $430,949 Remuneration / Body Corp Salary: $85,804Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,100,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Beautiful fully renovated 2-bedroom 2-bathroom, open plan living with private courtyard. Direct access to reception/office which is on title.

Complex Information

Complex Type: HolidayTotal Units in Complex: 44Total Units in Letting Pool: 19Owner Occupy Units: 12Outside Agent Units: 5Lockup Units: 7Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsPool: YesWIFI: Yes

Marketing Agent

Scott Saunders

Premier Business Sales

Key Investment Insights

1. Prime location across from the world-famous Burleigh Beach, one of the most sought-after destinations on the Gold Coast.
2. Recently upgraded building with 44 apartments, 19 of which are in the letting pool.
3. Beautifully renovated 2-bedroom, 2-bathroom ground floor Managers' Apartment.
4. Excellent systems in place, with around 60% of guests booking direct and strong forward bookings.
5. Rated number 1 accommodation on Trip Advisor in Burleigh Heads.
6. Quality 2- & 3-Bedroom apartments in the letting pool.
7. Net profit of $430,000+.
8. No set office hours.
9. Strong repeat bookings.
10. Manager-friendly Management Agreements and supportive BC committee.
11. Close proximity to cafes, restaurants, shops, and other amenities.
12. Only a 15-minute drive from Gold Coast Airport.
13. Light rail connection under construction to provide easy access to Surfers Paradise and other areas.
14. Renowned for its beautiful beaches, famous surf break, and stunning views of the Gold Coast.
15. Fully renovated 2-bedroom, 2-bathroom Manager's Apartment with private courtyard and direct access to reception/office.
16. Complex information: 44 units in total, 19 in the letting pool, with a mix of owner-occupied, outside agent, lockup, and manager units.
17. Agreement module: Standard, with a 10-year term.
18. Additional amenities include a pool and WIFI.

Management Rights Multiplier: 4.41
ROI Estimate: 22.68%