Coolangatta, Queensland

MANAGEMENT RIGHTS FOR SALE IN RAINBOW BAY - THE GOLD COAST HIDDEN GEM

$1,615,000

Business Description

Beautiful Rainbow Bay... the Gold Coast's best kept secret.

This exceptional Management Rights complex is situated perfectly in the spectacular and tightly held Rainbow Bay at the southern tip of the Gold Coast. This easily run Management Rights complex is in the heart of Rainbow Bay and just a short stroll to the cafes, restaurants, clubs and shops of Coolangatta & Tweed Heads.

This area is host to major sporting events, concerts and home to world renowned surf breaks, Rainbow Bay is a popular destination for travellers and holiday makers.

The Apartments offer guests a peaceful and relaxing holiday with the excitement of all the Gold Coast has to offer just minutes away.

Priced to sell, the business is being offered at a low multiplier and is easy to run with no set office hours, the perfect work life balance complex. To complement the business is a fantastic 2-bedroom residence all priced to meet the market.

- Priced to sell

- Great location

- Strong repeat business

- Full 25 year agreement in place

- No set office hours

- Net Profit $221,798

Call now to arrange an inspection.

Property Code: 1307

Business Summary

Business Snapshot

Price: $1,615,000 Net Profit: $221,798 Remuneration / Body Corp Salary: $57,092Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $685,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Great 2-bedroom, 2-bathroom apartment on the ground floor with a private courtyard, 1 car space and office attached

Complex Information

Complex Type: HolidayTotal Units in Complex: 36Total Units in Letting Pool: 18Owner Occupy Units: 10Outside Agent Units: 4Lockup Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes
Marketing Agent
Scott Saunders
Scott Saunders

Premier Business Sales

Premier Business Sales

Key Investment Insights

1. Priced at $1,615,000 with net profit $221,798, offered at a low multiplier and described as priced to sell.
2. Includes a high value managers apartment valued at $685,000, 2 bedrooms, 2 bathrooms, private courtyard, 1 car space, office on title, pets allowed.
3. Full 25 year accommodation agreement in place, 25 years remaining, providing long term contractual stability.
4. Body corporate salary $57,092 with annual CPI review, separate from net profit figure.
5. Operated with no set office hours, described as easily run and suitable for work life balance.
6. Complex is holiday type, tightly held Rainbow Bay location at the southern tip of the Gold Coast, close to Coolangatta and Tweed Heads amenities.
7. Strong repeat business attributed to popularity of Rainbow Bay, proximity to world renowned surf breaks and major events.
8. Total of 36 units, with 18 in the letting pool, 10 owner occupy units, 4 outside agent units and 3 lockup units, indicating mixed revenue streams and occupancy structure.
9. Onsite amenities include pool, spa, BBQ area and WiFi, supporting holiday market appeal.
10. Managers unit is on title, providing secure tenure and integrated office space for operations.
11. Ground floor managers apartment improves accessibility and guest oversight, enhancing operational convenience.

Management Rights Multiplier: 4.19
ROI Estimate: 23.85%

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