Southport, Queensland

MONEY MAKER

SOLD

Business Description

No requirement to live onsite.

22 Years remaining on agreements.

Supportive Committee

Great business. Excellent return on your investment!

Broadwater views. Top location. So popular and close to all the action.

Act now, before this top performing Gold Coast Management Rights sells!

Business Summary

Business Snapshot

Price: SOLD Net Profit: $333,000 Remuneration / Body Corp Salary: $79,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $470,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 55Total Units in Letting Pool: 34Owner Occupy Units: 8Outside Agent Units: 10Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesTennis Court: YesBBQ Area: YesPay TV: YesWIFI: Yes

Key Investment Insights

Key Insights:

1. The business has been in operation for 22 years and has a long remaining agreement, indicating stability and a strong track record.

2. The business is located in a popular and highly sought-after area, with broadwater views and close proximity to popular attractions.

3. The business has a supportive committee, which can be beneficial for the smooth operation of the business.

4. The business has a high return on investment, with a net profit of $333,000 and a remuneration/body corp salary of $79,000.

5. The manager's unit is valued at $470,000 and has 2 bedrooms, 2 bathrooms, and 2 car spaces. The office is also included in the unit.

6. The complex is a holiday complex with a total of 55 units, 34 of which are in the letting pool. This indicates a high demand for holiday rentals in the area.

7. The complex has a range of facilities such as a pool, spa, tennis court, BBQ area, pay TV, and WIFI, which can be attractive to potential guests.

8. The business operates under an accommodation agreement module with a term of 25 years, with 22 years remaining. This provides long-term security for the business.

9. The business allows pets, which can be a unique selling point for pet owners looking for holiday accommodation.

10. The business has a strong financial performance and a desirable location, making it a highly attractive investment opportunity.

Management Rights Multiplier: 4.82
ROI Estimate: 20.75%

Listing location
Gallery

This Business is sold

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