Coolangatta, Queensland

Lucrative Beachside Resort – Management Rights For Sale

$1,772,000

Business Description

Income, Lifestyle, Apartment with a view and Sunny Beachside Living

This fantastic property is located on the Southern Gold Coast beach town of Coolangatta. The resort overlooks one of the greatest surfing beaches in the world and offers a resort lifestyle, just minutes from the Gold Coast International Airport.

Located in an extremely popular, trendy and relaxed holiday destination, this complex offers the managers a lucrative income and a beach front lifestyle. The resort has a good number of holiday and long terms rentals and a loyal repeat client base. Rainbow Bay is one of Australia’s most popular surfing beaches and the complex offer 1, 2 and 3 Bedroom Apartments – fully self contained. The complex has a swimming pool, BBQ area and it is located within 2 minutes walk to the beach.

The Managers Unit

A spacious and private unit with 2 bedrooms, living, dining kitchen, small private garden and a view to the ocean. The unit offers plenty of storage and a lock up car port for 1 car. This is a great unit that is wrapped around the yard and it is also ideal for children.

Management Rights

- A rather relaxed management rights operation with 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.

- Agreement term: 25 years and agreement remaining: 19 years.

- Units In Complex: 24, Letting Pool: 18, Owner Occupiers: 5

- Remuneration $40,478

- Net profit $199,000, Managers Unit Unit $875,000, Management Rights $897,000. Total Asking Price $1,772,000.

- The outgoing managers will offer extensive training and a lengthy handover to the new owners.

Hurry up and grab this amazing lifestyle and income opportunity!

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

Business Summary

Managers Unit

Bedrooms: 2Car Spaces: 1
The Managers Unit A spacious and private unit with 2 bedrooms, living, dining kitchen, small private garden and a view to the ocean. The unit offers plenty of storage and a lock up car port for 1 car. This is a great unit that is wrapped around the yard and it is also ideal for children.

Complex Information

Complex Type: HolidayTotal Units in Complex: 24Total Units in Letting Pool: 18Owner Occupy Units: 5Manager Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesBBQ Area: Yes
Marketing Agent
Dilan De Silva
Dilan De Silva

Key Investment Insights

1. Prime location in a popular and trendy holiday destination on the Southern Gold Coast.
2. Lucrative income potential with a mix of holiday and long-term rental management.
3. Loyal and repeat client base.
4. Spacious and private 2-bedroom manager's unit with ocean views.
5. Extensive storage and lock-up carport for 1 car.
6. Relaxed management rights operation with a fantastic lifestyle.
7. Long agreement term of 25 years with 19 years remaining.
8. 18 units in the letting pool out of a total of 24 units in the complex.
9. Additional income from building management pay.
10. Remuneration of $40,478.
11. Net profit of $199,000.
12. Total asking price of $1,772,000, including the manager's unit.
13. Outgoing managers offering extensive training and a lengthy handover to new owners.
14. On-site facilities including a swimming pool and BBQ area.
15. Ideal for those seeking a beachfront lifestyle and income opportunity.
Listing location

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