Miami, Queensland

Beachfront lifestyle, sub 3.7 × multiple, solo friendly operation in Miami.

$650K MR & $1.075M Unit = $1,725,000

Business Description

Situated just steps from the golden sands of Miami Beach, Miami Beachside Holiday Apartments is a fantastic opportunity to secure a well-established Management Rights business in a laid-back, beachside setting. This complex is ideal for operators looking for consistent income with low stress and manageable day-to-day duties.

The business has been set up for ease of operation, currently run by a single operator who handle a simple mix of short-term and permanent lettings. There are 9 units in the letting pool, made up of both holiday and long-term tenants, ensuring regular bookings and steady income throughout the year. The agreements are secured under the Accommodation Module, with 18 years remaining, giving the buyer a long runway of income and stability.

Caretaking duties are very manageable mostly covering basic garden upkeep, mowing, keeping the pool clean, and tidying up the BBQ area and common walkways. It’s the kind of work that can be done without stress and doesn’t require a team or trades. The current manager also has use of the large linen room and a secure storage/workshop area onsite.

The manager’s unit is a tidy and comfortable 2-bedroom, 2-bathroom apartment with a secure undercover car space, ideal for couples or singles. The office is on title and there are no set office hours, allowing for true flexibility and work-life balance.

With strong net profits of $180,431 and a reliable annual Body Corporate salary of $125,024, this opportunity suits anyone wanting to enter the Management Rights industry with minimal complexity. Located in a quiet street just moments from cafes, schools, and local amenities, this complex has long been a favourite for both guests and residents.

Miami Beachside ticks all the boxes: beachside location, easy workload, reliable income, and no pressure from rigid operating requirements.

Business Summary

Business Snapshot

Price: $650K MR & $1.075M Unit = $1,725,000 Net Profit: $180,431 Remuneration / Body Corp Salary: $125,024

Managers Unit

Value of Managers Apartment: $1,075,000Bedrooms: 2Bathrooms: 2Car Spaces: 1

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 65Total Units in Letting Pool: 9Owner Occupy Units: 43Outside Agent Units: 13Lockup Units: 56Agreement Term: 18 yearsAgreement Term Remaining: 18 years
Marketing Agent
Paul Mueller
Paul Mueller

Key Investment Insights

1. Well-established Management Rights business with a beachside location in Miami, Florida.
2. Low stress and manageable day-to-day duties, making it ideal for a solo operator.
3. Consistent income from a mix of short-term and permanent lettings.
4. 9 units in the letting pool, providing regular bookings and steady income throughout the year.
5. Accommodation Module agreements with 18 years remaining, offering long-term stability and income.
6. Manageable caretaking duties, including basic garden upkeep and pool maintenance.
7. Tidy and comfortable 2-bedroom, 2-bathroom manager's unit with a secure undercover car space.
8. No set office hours, allowing for flexibility and work-life balance.
9. Strong net profits of $180,431 and a reliable annual Body Corporate salary of $125,024.
10. Located in a quiet street near cafes, schools, and local amenities.
11. No pressure from rigid operating requirements.
12. Complex consists of 65 units, with 9 in the letting pool, 43 owner-occupied, and 13 managed by outside agents.
13. Agreement term of 18 years remaining.
14. Manager's unit valued at $1,075,000.
15. Opportunity for minimal complexity for those looking to enter the Management Rights industry.

Management Rights Multiplier: 3.60
ROI Estimate: 27.76%

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