Coolangatta, Queensland

EXCEPTIONAL MANAGEMENT RIGHTS COMPLEX IN BEAUTIFUL RAINBOW BAY

$1,480,000

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 $209,163

Call now to arrange an inspection.

Property Code: 1307

Business Summary

Business Snapshot

Price: $1,480,000 Net Profit: $209,163 Remuneration / Body Corp Salary: $58,000Body 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. Prime location in the highly sought after Rainbow Bay area of the Gold Coast, with easy access to cafes, restaurants, shops, and major sporting events.
2. Strong repeat business, indicating a high level of customer satisfaction and potential for future growth.
3. Low multiplier and easy to run, making it an attractive option for potential buyers looking for a work-life balance.
4. Full 25-year agreement in place, providing stability and security for the business.
5. No set office hours, allowing for flexibility and potential for additional income streams.
6. Net profit of $209,163, indicating a profitable and successful business.
7. Manager's 2-bedroom, 2-bathroom apartment on the ground floor with a private courtyard, 1 car space, and attached office.
8. Complex information includes a total of 36 units, with 18 in the letting pool and 10 owner-occupied.
9. Agreement module is Accommodation with a term of 25 years remaining.
10. On-site amenities such as a pool, spa, BBQ area, and WIFI, providing additional value for guests.

Management Rights Multiplier: 3.80
ROI Estimate: 26.31%

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