Main Beach, Queensland

Prestigious Main Beach Permanent Management Rights with over $305k Body Corporate Salary

$2,800,000

Business Description

This outstanding opportunity presents the chance to acquire a quality permanent management rights business in one of the Gold Coast’s most prestigious beachside suburbs, Main Beach.

Ideally positioned just moments from the golden sands of Main Beach and the vibrant café and dining precinct of Tedder Avenue, the business offers an enviable coastal lifestyle combined with a well-established management rights operation.

This permanent management rights business offers an exceptional Body Corporate salary of $305,869 + GST per annum, providing a strong and secure income stream.

With reduced office hours of Monday to Friday, 8.30am to 1.00pm, the business offers an enviable lifestyle with an excellent work-life balance. The current owners have successfully operated the business for the past four and a half years, building a well-managed and highly regarded complex while enjoying the benefits of a highly desirable management rights lifestyle.

Residents enjoy an impressive range of resort-style facilities, including indoor and outdoor swimming pools, a spa, tennis court and fully equipped gymnasium.

Key Features:

* Strong Body Corporate salary of $305,869 + GST per annum
* Reduced office hours, Monday to Friday, 8.30am to 1.00pm
* Spacious manager's residence comprising two bedroom, two bathroom plus study

The business currently manages four apartments within the letting pool, with the opportunity for an incoming operator to expand the letting pool further and increase profitability by securing some of the lock ups back into the letting pool.

Offering an exceptional combination of secure income, lifestyle and future growth potential, this is a rare opportunity to secure a premium management rights business in one of the Gold Coast's most tightly held locations.

Contact Craig today today to discuss this outstanding opportunity.

Net Profit: $319,638

Property Code: 146

Business Summary

Business Snapshot

Price: $2,800,000 Remuneration / Body Corp Salary: $305,869Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,200,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

2 Bedroom, 2 Bathroom + Study, 1 Car Space and Lock up Cage

Complex Information

Complex Type: PermanentTotal Units in Complex: 72Total Units in Letting Pool: 4Owner Occupy Units: 34Outside Agent Units: 2Lockup Units: 31Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesIndoor Pool: YesSpa: YesGym: YesTennis Court: Yes

Marketing Agent

Craig Johnson

1300 9....

Hotel Resort Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Annual Body Corporate salary of $305,869 plus GST, with annual CPI reviews.
2. Reported net profit of $319,638.
3. Office hours are Monday to Friday, 8.30am to 1.00pm, supporting lifestyle flexibility.
4. Prestigious Main Beach location near the beach and Tedder Avenue cafés and dining.
5. Ten years remaining on the management rights agreement.
6. Manager’s residence includes two bedrooms, two bathrooms, a study, one car space and a lock up cage.
7. Manager’s apartment valued at $1,200,000, with an office on title.
8. Complex facilities include indoor and outdoor pools, a spa, tennis court and fully equipped gymnasium.
9. Four apartments currently in the letting pool, with potential to expand by securing some of the 31 lockup units.
10. Current owners have operated the established permanent management rights business for four and a half years.