Key Investment Insights
1. The business for sale is a management rights opportunity, which includes a luxurious ground-floor manager's unit and a suite of resort-style amenities.
2. The manager's unit has been fully renovated to the highest standard and offers a level of comfort rarely seen in the industry.
3. The unit features a spacious open-plan living and dining area, a large private balcony, two generous bedrooms, a modern and well-appointed kitchen, and a separate laundry.
4. The complex has just 50 residences in total, with only two apartments per floor, creating an environment of privacy, exclusivity, and strong owner occupancy.
5. Residents and guests have access to a pool and spa, sauna, gymnasium, barbecue facilities, and a full-size tennis and pickleball court.
6. The property is located in the heart of Main Beach, within easy reach of patrolled beaches, Tedder Avenue's dining and boutique precinct, Marina Mirage, and the Southport Yacht and Surf Clubs.
7. The business has secure agreements and a manager's unit of exceptional quality, making it a unique opportunity to acquire one of the most desirable management rights packages on the Gold Coast.
8. The total price for the business and the manager's unit is $2.02 million, with a net profit of $157,692 and a remuneration/body corp salary of $132,603.
9. The manager's unit is valued at $1.29 million and features two bedrooms, two bathrooms, and two car spaces.
10. The complex is a permanent type with 50 units in total, 10 units in the letting pool, and 37 owner-occupied units. The agreement term is 10 years, with 10 years remaining.
Management Rights Multiplier: 4.63
ROI Estimate: 21.60%