Coolangatta, Queensland
Tightly Held, Prime Beachfront, Established Management Rights Business
$6,588,600
Business Description
A rare opportunity to secure a high-income generating, beachfront management rights business in the heart of Coolangatta. Every apartment enjoys a direct beach view — one of only a handful of buildings on the entire Gold Coast to offer this rare distinction. Featuring long-term agreements, a dual-key 3 bedroom manager’s residence with 3 bathrooms and 2 car spaces. Net income of approximately $853,000 p.a., this tightly held asset represents a compelling acquisition in one of the Gold Coast’s most sought-after coastal locations.
LIVE, WORK, AND PLAY.
Run a thriving business while living a great lifestyle in a wonderful location.
Contact Lehmann Rights to express your interest.
Business Summary
Business Snapshot
Price: $6,588,600
Net Profit: $853,000 Remuneration / Body Corp Salary: $330,171Business Value: $5,288,600
Managers Unit
Value of Managers Apartment: $1,300,000Bedrooms: 3Bathrooms: 3Car Spaces: 2Complex Information
Complex Type: HolidayTotal Units in Complex: 116Total Units in Letting Pool: 62Agreement Term: 20 years
Key Investment Insights
1. Prime beachfront asset in Coolangatta, every apartment has a direct beach view, described as one of only a handful of buildings on the Gold Coast with this distinction.
2. High net income of approximately $853,000 per annum, indicating strong cashflow.
3. Asking price $6,588,600, implying an approximate net yield of 12.9% based on listed net profit.
4. Long-term security through 20-year agreements, providing predictable recurring revenue.
5. Tightly held and established management rights business, suggesting limited market availability and potential scarcity value.
6. Managers residence is a dual-key 3 bedroom, 3 bathroom apartment with 2 car spaces, supporting live-in management and flexibility for owner use or additional income.
7. Managers apartment independently valued at $1,300,000, representing a significant owner-occupied asset.
8. Holiday complex with 116 total units, supplying a substantial inventory for letting operations.
9. Letting pool comprises 62 units, approximately 53% of the complex, indicating an active managed portfolio and room for growth.
10. Live-work-play lifestyle appeal in a sought-after coastal location, strengthening recruitment and retention of onsite management and customer appeal.
