Coolangatta, Queensland

OUTSTANDING HIGH NET PROFIT HOLIDAY COMPLEX - STUNNING RAINBOW BAY

Under Contract / Offer

Business Description

This prestigious holiday complex is located in arguably one of the best positions on the Southern Gold Coast. It features spacious, north facing, 2-bedroom ensuite fully self-contained apartments all with breath-taking ocean views and the world famous Snapper Rocks surf break right at the doorstep.

The building consists of a total of 32 apartments, 24 of which are in the letting pool. Over the past 7 years, the building has undergone a number of upgrading projects and the complex presents beautifully. The new managers will appreciate the benefits of the hard work already done.

Bayview represents the perfect business, with high net profit, excellent systems in place, no set office hours, long agreements and outstanding repeat business.

All this and a beautiful modern 2-bedroom managers apartment with an outstanding outdoor space for entertaining and beachfront living.

- Topped Up 25 years agreement

- No set office hours

- Amazing location

- Building presents beautifully with a pro-active Body Corp

- Modern 2 bedroom, 2 bathroom apartment with ocean views.

- Great repeat bookings

- Net profit $436,261

- Outstanding Buying

The complex is located in Rainbow Bay, Coolangatta on the southern tip of the beautiful Gold Coast.

Directly across from one of the best surf beaches in the world Snapper Rocks, close to popular cafes and restaurants and only 10 minutes to Gold Coast Airport, these standout holiday apartments are in a perfect position to explore everything the pristine Southern Gold Coast has to offer.

Call now to book an inspection you will not be disappointed.

Property Code: 1332

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $436,261 Remuneration / Body Corp Salary: $81,702Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,300,000Bedrooms: 2Bathrooms: 2Office: On TitlePets OK: Yes

A renovated, spacious, light and airy two-bedroom and ensuite ground floor manager’s unit with a beautiful outdoor entertaining area.

Complex Information

Complex Type: HolidayTotal Units in Complex: 32Total Units in Letting Pool: 24Owner Occupy Units: 3Outside Agent Units: 1Lockup Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesSpa: YesSauna: YesTennis Court: YesGames Room: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Scott Saunders

Premier Business Sales

Key Investment Insights

1. Located in Rainbow Bay, directly opposite Snapper Rocks surf break, offering beachfront position and prime surf appeal.
2. Very close to amenities and transport, approximately 10 minutes to Gold Coast Airport and near popular cafes and restaurants.
3. High reported net profit of $436,261, indicating strong cashflow for an owner-operator.
4. Long term security with a topped up 25 year agreement remaining, providing stable income visibility.
5. Manager remuneration/body corporate salary $81,702 with annual CPI review, formalising manager income.
6. Manager’s apartment included, valued at $1,300,000, renovated 2 bedroom 2 bathroom ground floor unit with large outdoor entertaining area and office on title.
7. Mature, well-presenting building after seven years of upgrades, with a proactive body corporate supporting upkeep and presentation.
8. Letting pool of 24 out of 32 apartments, approximately 75% of units in pool, delivering strong rental inventory and recurring bookings.
9. No set office hours and established systems in place, enabling flexible management and lower on-site staffing requirements.
10. Resort-style amenities include pool, spa, sauna, tennis court, games room, BBQ area, pay TV and WiFi, enhancing guest experience and occupancy appeal.

Management Rights Multiplier: 5.20
ROI Estimate: 19.23%