Main Beach, Queensland

Exclusive Beachfront Holiday Resort in Main Beach with Net of Over $455k

$3,200,000

Business Description

Seize the chance to acquire the management rights for this prestigious high-rise resort located in the vibrant heart of Main Beach. This luxury property, just steps from the pristine shoreline, offers an exceptional blend of convenience and opulence.

The resort features a selection of beautifully appointed 1, 2, and 3 bedroom apartments, most offering panoramic ocean vistas, this resort epitomizes seaside opulence. Indulge in resort-style living with a wealth of amenities including a fully heated pool, invigorating spa, rejuvenating steam rooms, alfresco BBQ area, and a full-size tennis court. Guests seeking the ultimate holiday sanctuary will find it here, complete with complimentary underground parking for added convenience.

A supportive and proactive body corporate also pay for a gardening contractor to maintain all gardens, hedges and lawns, leaving you to focus on managing your business.

Your new lifestyle includes a renovated ground floor manager's unit, featuring two bedrooms, two bathrooms, high ceilings, and a spacious courtyard.

Live and work in paradise with the beach just steps away, and a diverse selection of restaurants, cafes, and shopping options within easy reach. Plus, enjoy close proximity to both Southport Yacht Club and Surf Life Saving Club.

With the flexibility of NO set office hours, an impressive net profit of $455,679, generous body corporate remuneration, and significant potential for business growth – including 25 units currently under lock up, this management rights opportunity is not to be missed.

Take the next step towards realizing your dreams of coastal living and entrepreneurial success, call me today to find out more.

Net Profit: $455,679

Property Code: 3

Business Summary

Business Snapshot

Price: $3,200,000 Net Profit: $455,679 Remuneration / Body Corp Salary: $181,153Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,100,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 103Total Units in Letting Pool: 39Owner Occupy Units: 35Outside Agent Units: 3Lockup Units: 25Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesSpa: YesTennis Court: YesBBQ Area: Yes

Marketing Agent

Craig Johnson

Hotel Resort Sales

Key Investment Insights

1. Prestigious high-rise resort located in the vibrant heart of Main Beach.
2. Luxury property with 1, 2, and 3 bedroom apartments, most offering panoramic ocean views.
3. Resort-style living with a fully heated pool, spa, steam rooms, BBQ area, and tennis court.
4. Complimentary underground parking for guests.
5. Supportive and proactive body corporate that covers gardening maintenance.
6. Renovated ground floor manager's unit with 2 bedrooms, 2 bathrooms, and a spacious courtyard.
7. Prime location just steps away from the beach and close to restaurants, cafes, and shopping options.
8. Flexible working hours with no set office hours.
9. Impressive net profit of $455,679 and generous body corporate remuneration.
10. Significant potential for business growth with 25 units currently under lock up.

Management Rights Multiplier: 4.61
ROI Estimate: 21.70%