Palm Beach, Queensland

Absolute Beachfront Management Rights - ID 8767

$4,850,000

Business Description

Management Rights For Sale
High Net Holiday Resort

- Glorious location between the Gold Coast Highway and the Pacific Ocean

- Supportive and pro-active committee

- Public transport at the front door

- Ample storage for the manager

- 3 bedroom residence, multi purpose room and patio

- Office on title

- Exclusive use areas in reception and in the basement

- Easy care gardens

- Rooftop access with 360 degree views along the coastline and to the hinterland

- Upside potential - convert outside rentals into your letting pool

Rare opportunity to obtain a high net, beachfront holiday business on the magnificent Gold Coast, the premiere holiday destination in Australia.This business offers a real seaside lifestyle for those wishing to escape the city hustle and bustle. The net income is large enough to support a partnership. Add in some potential upside, an impressive interior and there is not a whole lot more to want.

Net Profit: $595,607
Asking Price: $4,850,000
(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 Brokers
Gerard Dixon & Bill He

Property Code: 836

Business Summary

Business Snapshot

Price: $4,850,000 Net Profit: $595,607 Remuneration / Body Corp Salary: $163,699

Managers Unit

Value of Managers Apartment: $1,350,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Generous sized three bedroom apartment, Two bathrooms, Multipurpose room, Patio, Adjacent office on title, Kitchen and bathrooms fitted with modern appliances and fittings, Air conditioning

Complex Information

Complex Type: HolidayTotal Units in Complex: 68Total Units in Letting Pool: 21Owner Occupy Units: 17Outside Agent Units: 24Lockup Units: 5Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesSauna: YesWIFI: Yes

Marketing Agent

Gerard Dixon

Bill He

MR Sales

Key Investment Insights

- Located in a highly desirable beachfront location on the Gold Coast
- Supportive and proactive committee
- Convenient access to public transportation
- Ample storage for the manager
- Spacious 3 bedroom residence with additional multi-purpose room and patio
- Office included on title
- Exclusive use areas in reception and basement
- Low maintenance gardens
- Rooftop access with stunning 360 degree views
- Potential for growth by converting outside rentals into the letting pool
- High net income with potential for partnership
- Impressive interior
- Includes manager's real estate in asking price.

Management Rights Multiplier: 5.88
ROI Estimate: 17.02%