Surfers Paradise, Queensland

Management Rights with Expansion Potential - ID 9062

$2,138,000

Business Description

Management Rights For Sale
Very Secure Business, Salary is 90% of Net Profit

- Huge potential upside, convert 17 permanent rentals over to holiday rentals.

- Managing 119 units, with 21 currently in the letting pool—comprising 17 permanent and 4 holiday units.

- Situated in the heart of Surfers Paradise, this property enjoys a coveted central location, ensuring a dynamic and bustling environment.

- Offering a combination of 1 and 2 bedroom units, catering to diverse tenant needs.

- Benefit from new agreements, offering long-term stability and peace of mind.

- Included is an office on title, ensuring efficient business operations.

- Residents enjoy access to a rich array of amenities, including 3 pools (2 heated), spa, sauna, BBQ areas, tennis courts, and a games room - elevating their living experience.

- Just a leisurely stroll away from the beach, cafes, and restaurants, ensuring easy access to leisure and dining options.

- Provides peace of mind with dedicated security parking.

This iconic building is a standout in Surfers Paradise, offering an excellent salary package for the manager and unparalleled proximity to the city's amenities. With office hours limited to Monday to Friday, you can enjoy a desirable work-life balance.

Iconic building in the heart of Surfers Paradise. Great salary for manager and close to everything. Monday to Friday office hours only. 2 bedroom, 2 bathroom manager's residence.

Net Profit: $273,000
Total Asking Price: $2,138,000
(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 & Phil Trimble

Property Code: 539

Business Summary

Business Snapshot

Price: $2,138,000 Net Profit: $273,000 Remuneration / Body Corp Salary: $267,987Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $800,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Located on the 2nd floor, Two bedrooms, Two bathrooms, Air conditioning, Large balcony overlooking tropical gardens, Storage and single car space

Complex Information

Complex Type: PermanentTotal Units in Complex: 119Total Units in Letting Pool: 21Owner Occupy Units: 97Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 6 yearsPool: YesIndoor Pool: YesSpa: YesSauna: YesTennis Court: YesGames Room: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Gerard Dixon

Phil Trimble

MR Sales

Key Investment Insights

1. Net profit $273,000, with manager remuneration reported at $267,987, indicating salary represents ~90% of net profit.
2. Total asking price $2,138,000, inclusive of manager’s real estate, implying acquisition includes the managers apartment.
3. Managers apartment valued at $800,000, two bedrooms, two bathrooms, single car space, office on title, pets allowed.
4. Business manages 119 units, with 97 owner‑occupied units and 21 units currently in the letting pool.
5. Letting pool composition is 17 permanent and 4 holiday units, offering a clear conversion opportunity to increase holiday inventory.
6. Stated high upside potential from converting 17 permanent rentals into holiday rentals, suggesting increased revenue potential.
7. Agreement is a standard 10‑year module with six years remaining, remuneration reviewed annually by CPI, providing contractual stability.
8. Prime central Surfers Paradise location, within walking distance to the beach, cafes and restaurants, supporting demand for short‑stay bookings.
9. Complex offers extensive resident amenities including pools (one indoor, two heated noted), spa, sauna, tennis court, games room, BBQ areas and WiFi, enhancing rental appeal.
10. On‑title office and a manager’s residence within the building support efficient operations and reduced overheads.
11. Security parking provided, and office hours restricted to Monday to Friday, supporting a desirable work‑life balance.
12. Iconic building status in a busy tourism precinct, strengthening brand recognition and letting potential.

Management Rights Multiplier: 4.90
ROI Estimate: 20.40%