Coolangatta, Queensland
Rainbow Bay - Holiday - Sold & Settled - ID 8958
SOLD
Business Description
Holiday Letting Plus Lifestyle
- Beautiful Rainbow Bay north facing holiday building
- 11 units in the letting pool of 2 & 3 bedroom configurations
- All units have beach views, either north or south
- Heated pool, BBQ, Wi-Fi, security parking
- Agreements through to 2040 and no set office hours
- Walk across the road to beach and surf club
- Close to Twin Towns and Coolangatta restaurants
- Recently painted building and new elevators
- Lots of repeat business
Long term managers retiring after 15 years. This business would suit couple looking for strong business with growth potential combined with lifestyle change. Refurbished 3 bedroom, 2 bathroom manager's residence with outdoor area and ocean views.
Net Profit: $138,000
Asking Price: $1,420,000
(Inclusive of manager's real estate)
For further information or to arrange an inspection of this Gold Coast management rights business for sale contact:
Management Rights Broker
Warren Oliver
Property Code: 662
Business Summary
Key Investment Insights
Key Insights:
1. Beautiful Rainbow Bay north facing holiday building with 11 units in the letting pool of 2 & 3 bedroom configurations.
2. All units have beach views, either north or south.
3. Features include heated pool, BBQ, Wi-Fi, and security parking.
4. Agreements through to 2040 and no set office hours.
5. Prime location with easy access to the beach, surf club, and popular restaurants.
6. Recently painted building and new elevators.
7. Strong repeat business with potential for growth.
8. Long-term managers retiring after 15 years.
9. Refurbished 3 bedroom, 2 bathroom manager's residence with outdoor area and ocean views.
10. Net profit of $138,000 and asking price of $1,420,000 (inclusive of manager's real estate).
11. Ideal for a couple looking for a lifestyle change and a strong business opportunity.
