Labrador, Queensland

Bargain! Gold Coast Holiday Business Below Market Price - ID 8122

$1,645,000

Business Description

Holiday Management Rights For Sale
Massive 18% ROI on total purchase price including manager's residence

- $298,000 total net income on a multiplier of 3.2

- Separate office, exclusive use

- Spacious and bright 2 bedroom manager’s unit with large patio

- Supportive and proactive body corporate

- No set office hours in agreement

- Great location on the Gold Coast Highway and only 50m to the broadwater

- All apartments are air-conditioned and all have individual balconies

- 5 km from Surfers Paradise

Easy to run business on the northern end of the Gold Coast located between the Gold Coast Highway and the Broadwater being offered below market value. A great destination for family holiday makers, close to lots of amenities with transport at the front door.

With a total net profit in excess of $298,000, a separate office detached from the residence and a supportive body corporate, this a secure business for anyone seeking an accommodation business in the lucrative Gold Coast market.

Net Profit: $298,513
Asking Price: $1,645,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business contact:

Management Rights Broker
Gerard Dixon

Property Code: 760

Business Summary

Business Snapshot

Price: $1,645,000 Net Profit: $298,513 Remuneration / Body Corp Salary: $61,702

Managers Unit

Value of Managers Apartment: $665,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Pets OK: Yes

Well presented residence offering two bedrooms and two bathrooms, Air conditioned, Balcony along with a large patio area, Allocated parking for one vehicle, Pet permitted with Body Corporate approval.

Complex Information

Complex Type: MixedTotal Units in Complex: 42Total Units in Letting Pool: 22Owner Occupy Units: 19Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 18 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Gerard Dixon

MR Sales

Key Investment Insights

1. High ROI: The business offers a massive 18% return on total purchase price, including the manager's residence.

2. Low purchase price: The business is being offered at a below market price, making it a bargain for potential buyers.

3. Separate office: The business comes with a separate office, providing a dedicated space for managing the holiday management rights.

4. Spacious manager's unit: The 2 bedroom manager's unit is spacious and bright, with a large patio for relaxation.

5. Supportive body corporate: The body corporate is described as supportive and proactive, providing a secure and stable environment for the business.

6. Flexible work hours: The agreement allows for no set office hours, giving the manager flexibility in managing the business.

7. Prime location: The business is located on the Gold Coast Highway, only 50m from the Broadwater, making it an attractive destination for holiday makers.

8. All apartments air-conditioned: All apartments in the complex are air-conditioned, adding to the comfort and appeal for guests.

9. Close to amenities: The business is located close to various amenities, with transport at the front door, making it convenient for guests.

10. Easy to run: The business is described as easy to run, making it suitable for first-time buyers or those seeking a low-maintenance investment.

11. Secure income: With a net profit of over $298,000 and a supportive body corporate, the business offers a secure source of income in the lucrative Gold Coast market.

12. Manager's residence included: The purchase price includes the manager's real estate, providing the buyer with a place to live on-site.

13. Pet-friendly: The manager's residence allows for pets with approval from the body corporate.

14. Mixed complex: The complex is a mix of holiday and owner-occupied units, providing a diverse and stable income stream.

15. Long agreement term: The agreement has a remaining term of 18 years, providing long

Management Rights Multiplier: 3.28
ROI Estimate: 30.46%