Coolangatta, Queensland

HIGH NET PROFIT SOUTHERN GOLD COAST GEM - OUTSTANDING BUSINESS

SOLD

Business Description

There is no better place to holiday in Australia than beachfront on the Southern Gold Coast and Kirra would have to be one of the most desirable locations.

This outstanding holiday resort is located in one of the best positions in Kirra. With spacious, north facing fully self-contained apartments all with breath-taking ocean views and with the world-famous Kirra Beach surf break at your doorstep.

This complex has seen consistent growth and has performed exceptionally during the last 2 years and recently updated P&L show how strong this business is . This growth is set to continue with fantastic forward bookings.

This is a wonderful business with excellent systems in place. The complex has seen a number of improvements over the past few years and presents beautifully.

- High $450k + net profit

- Recently topped up agreements 23.5 years remaining

- No set office hours

- Outstanding facilities

- Strong repeat guests

- Excellent improvements completed to building

- Fantastic ground floor managers unit

- Consistent performer, even through a difficult period

Don't miss this opportunity, call now to for more information or to arrange an inspection.

Property Code: 290

Business Summary

Business Snapshot

Price: SOLD Net Profit: $444,000 Remuneration / Body Corp Salary: $87,833Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $775,000Bedrooms: 2Bathrooms: 2Office: On Title

Complex Information

Complex Type: n/a
Marketing Agent
Scott Saunders
Scott Saunders

Premier Business Sales

Premier Business Sales

Key Investment Insights

1. Prime beachfront location in desirable Kirra, Southern Gold Coast.
2. Spacious, fully self-contained apartments with stunning ocean views.
3. Consistent growth and strong performance in the past 2 years.
4. Recently updated P&L shows the strength of the business.
5. Topped up agreements with 23.5 years remaining.
6. No set office hours for managers.
7. Outstanding facilities and strong repeat guest base.
8. Excellent improvements made to the building.
9. Ground floor managers unit with fantastic value.
10. Consistent performer, even during difficult periods.
11. Business has excellent systems in place.
12. Potential for further growth with fantastic forward bookings.
13. Managers apartment valued at $775,000.
14. Body corp salary review of CPI annually.
15. Managers office on title.
16. Complex type is not applicable.

Management Rights Multiplier: 5.24
ROI Estimate: 19.10%

Listing location

This Business is sold

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights For Sale

You may also like

Motel Lease For Sale NSW ( Consistent Performer )
EXCITING OPPORTUNITY TO OWN YOUR OWN FREEHOLD MOTEL BY THE BAY - 2754MF
Redefining waterfront views – Noosaville’s absolute paradise management rights  | Resort Brokers ID : MR008048
Rare Freehold Going Concern Opportunity in busy Regional City | Resort Brokers ID : FH008015
GREAT STARTER LEASEHOLD MOTEL OPPORTUNITY - 2347ML
A CLASSIC PUB IN THE HEART OF TOWN - 116HF
Unlock Lucrative Returns with Effortless Part-Time Opportunities - ID 9115
3 FOR THE PRICE OF 2 FREEHOLD PACKAGE - 853MF2
IMMACULATE MOTEL LEASEHOLD WITH STUNNING OCEAN VIEWS - 501ML
GREAT STARTER MOTEL INVESTMENT OPPORTUNITY - 2347MI
GREAT STARTER MOTEL OPPORTUNITY - 2347MF
PURE LUXURY ACCOMMODATION WITH AN INCOME - 2811MF
Busy Lodge in the Heart of the Village
Exclusive - All About Location - Permanent Gem in Sought After Robina - ID 8943
Leasehold Motel, a standout in the Northern Rivers.
Thriving Caravan/Cabin Park with significant growth potential in Walkamin | Resort Brokers ID : FH008038
Acquire the leasehold of the tranquil Girraween Country Inn | Resort Brokers ID : LH008047
FREEHOLD PREMISIS + HOTEL BUSINESS + 10 ACCOMODATION ROOMS + 3 SHOPS!