Labrador, Queensland

Holiday Business Near The Stunning Gold Coast Broadwater - ID 8122

$1,645,000

Business Description

VERY CHEAP Holiday Management Rights For Sale
Multiplier only 3.33 on total net exceeding $298,000

- Separate office, exclusive use

- Spacious and bright 2 BR 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 airconditioned 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. 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: $2298,513
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: $650,000Bedrooms: 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

- Multiplier of only 3.33 on total net exceeding $298,000, making it a very cheap investment opportunity
- Spacious and bright 2 bedroom manager's unit with large patio
- Separate office detached from the residence
- Supportive and proactive body corporate
- No set office hours in agreement, providing flexibility for the manager
- Great location on the Gold Coast Highway and only 50m to the stunning Broadwater
- All apartments are air-conditioned and have individual balconies
- Only 5km from Surfers Paradise, a popular tourist destination
- Easy to run business in a desirable location on the northern end of the Gold Coast
- Transport at the front door and close to amenities, making it a convenient destination for holiday makers
- Secure business in the lucrative Gold Coast market
- Net profit of $298,513 and asking price of $1,645,000 (inclusive of manager's real estate)
- Manager's residence offers two bedrooms, two bathrooms, and a pet-friendly option with Body Corporate approval
- Complex includes a mix of 42 units, with 22 in the letting pool and 19 owner-occupied units
- Accommodation agreement with a term of 20 years, with 18 years remaining
- Facilities include a pool, spa, BBQ area, and WIFI for guests' convenience.

Management Rights Multiplier: 3.33
ROI Estimate: 30.00%