Rainbow Bay, Queensland

Business For Sale - Iconic Rainbow Bay Management Rights - ID 8958

$1,420,000

Property Description

- Management Rights For Sale
- Holiday Letting Plus Lifestyle
- Beautiful Rainbow Bay north facing holiday building
- 11 units in the letting pool of 2 & 3 bedroom configurations
- All units have beach views, either north or south
- Heated pool, BBQ, Wi-Fi, security parking
- Agreements through to 2040 and no set office hours
- Walk across the road to beach and surf club
- Close to Twin Towns and Coolangatta restaurants
- Recently painted building and new elevators
- Lots of repeat business
Long term managers retiring after 15 years. This business would suit couple looking for strong business with growth potential combined with lifestyle change. Refurbished 3 bedroom, 2 bathroom manager's residence with outdoor area and ocean views.

Net Profit: $138,000
Asking Price: $1,420,000
(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
Warren Oliver

Property Summary

Business Snapshot

Price: $1,420,000 Net Profit: $138,000 Remuneration / Body Corp Salary: $60,789Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $775,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: Exclusive UsePets OK: No
Refurbished, 3 bedrooms, 2 bathrooms, Large open plan living/dining area, Outdoor courtyard with ocean views

Complex Information

Complex Type: HolidayTotal Units in Complex: 33Total Units in Letting Pool: 11Holiday Units: 11Owner Occupy Units: 2Outside Agent Units: 8Lockup Units: 11Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesBBQ Area: YesPay TV: YesWIFI: Yes
Marketing Agent
Warren Oliver
Warren Oliver

Listing location
Gallery

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