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

Premier Business Sales

Key Investment Insights

1. The business is priced to sell, making it a great opportunity for potential buyers.
2. The location of the complex is in the beautiful and popular Rainbow Bay, making it a desirable destination for travellers and holiday makers.
3. The business has a strong repeat customer base, ensuring a steady stream of income.
4. The complex has a full 25-year agreement in place, providing long-term stability for the business.
5. There are no set office hours, allowing for a good work-life balance for the managers.
6. The net profit for the business is $221,798, showcasing its profitability.
7. The managers' unit is valued at $685,000 and has 2 bedrooms, 2 bathrooms, and a private courtyard.
8. The complex is a holiday type, with a total of 36 units and 18 units in the letting pool.
9. The agreement module is accommodation, with a remaining term of 25 years.
10. The complex offers amenities such as a pool, spa, BBQ area, and WIFI for guests.

Management Rights Multiplier: 4.19
ROI Estimate: 23.85%