Surfers Paradise, Queensland

10936MR - Growth Opportunity in Surfers Paradise - Management Rights

SOLD

Business Description

Long term vendors want to retire
Renovated two bedroom Manager's apartment - dual key
Indoor and outdoor pools
Building has been re-wired for digital
Ocean views from units
Long term contracts - 21 years remaining
Easy walk to beach, shops and restaurants
All holiday letting
17 % return (including apartment) on a growing business
Supportive Body Corporate committee
Many return guests
Get in now and be part of the growth before prices rise again

Net profit $238,083 to September 2013

Contact Gerard Dixon from Tourism Brokers for further information or to arrange an inspection.

Property ID: 10936MR

Property Code: 109

Business Summary

Complex Information

Marketing Agent

Gerard Dixon

0433 61....

Tourism Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. Long term vendors are looking to retire, providing an opportunity for a new owner to take over the business.
2. The Manager's apartment has been recently renovated and has dual key access.
3. The building has been re-wired for digital, indicating that it is up-to-date and modern.
4. The units have ocean views, making them attractive to potential guests.
5. The contracts are long term, with 21 years remaining, providing stability and security for the business.
6. The location is desirable, with an easy walk to the beach, shops, and restaurants.
7. The business is currently focused on holiday letting, which may offer potential for expansion into other areas.
8. The business has a high return of 17%, including the apartment, and is showing signs of growth.
9. The Body Corporate committee is supportive, which can be beneficial for the smooth operation of the business.
10. The business has a loyal customer base with many return guests.
11. The location is experiencing growth, providing potential for increased profits in the future.
12. The net profit for 2013 was $238,083, indicating a successful and profitable business.
13. Interested buyers can contact Gerard Dixon from Tourism Brokers for further information and to arrange an inspection.
14. The property has a unique ID number, making it easy to identify and track.
15. The property is listed under the code 109, making it easy to find on the website.
16. The Manager's unit is a desirable feature of the property, providing a comfortable living space for the owner.
17. The complex has various amenities, including indoor and outdoor pools, making it attractive to potential guests.
18. The complex is well-maintained and up-to-date, providing a positive experience for guests.
19. The complex has a supportive Body Corporate committee, which can be beneficial for the smooth operation of the business.
20. The complex has a high return of 17%, including the apartment