Palm Beach, Queensland

Actual Beachfront Location - ID 9139

$1,380,000

Business Description

Holiday Management Rights For Sale
See the sand and water from your living room!

- Phenomenal location generates massive repeat business

- Easily run by two person team

- Long time, reliable cleaners in place

- Renovated 2 bed, 2 bath manager's residence

- Flexible work/life balance

- Sales increasing, nearby construction now complete

- Low caretaking duties, very little gardening to be done

- Supportive committee

- Unit below 2023 valuation

This is a rare holiday building that could almost be classified as a lifestyle business. A wonderful location right on the beach drives large repeat clientele. A terrific starter complex for a couple new to the Management Rights industry or for seasoned MR professionals who are ready to simply enjoy a beachfront lifestyle enhanced by cashflow. Beachfront residential apartments in the area are selling for over $1.2m without any business attached.

Net Profit: $133,983
Asking Price: $1,380,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Broker
Gerard Dixon

Property Code: 791

Business Summary

Business Snapshot

Price: $1,380,000 Net Profit: $132,000 Remuneration / Body Corp Salary: $54,981

Managers Unit

Value of Managers Apartment: $900,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Fully renovated residence offering two bedrooms, two bathrooms, air conditioning and ceiling fans, stone benchtops to kitchen and bathrooms, single car accommodation, uninterrupted ocean views.

Complex Information

Complex Type: HolidayTotal Units in Complex: 30Total Units in Letting Pool: 15Owner Occupy Units: 10Outside Agent Units: 2Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes
Marketing Agent

Key Investment Insights

- Phenomenal beachfront location with stunning views
- Strong repeat business from satisfied customers
- Easily managed by a two-person team
- Reliable and long-term cleaners in place
- Renovated 2 bedroom, 2 bathroom manager's residence with ocean views
- Flexible work/life balance for owners
- Sales increasing with nearby construction now complete
- Low caretaking duties and minimal gardening required
- Supportive committee in place
- Unit below 2023 valuation, providing potential for growth
- Rare opportunity to own a lifestyle business in a sought-after beachfront location
- Potential for further growth and development in the area
- Net profit of $133,983 and asking price of $1,380,000 (inclusive of manager's real estate)

Management Rights Multiplier: 3.64
ROI Estimate: 27.50%

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