Surfers Paradise, Queensland
Surfers Paradise Management Rights With 3 Bedroom Apartment
SOLD
Business Description
Located just 100 metres to the beach this Surfers Paradise Management Rights Hi-Rise is located on the Southern end of Surfers Paradise. This 4-star complex offers a mix of two and three bedroom fully self-contained apartments with only two units per floor.
The current managers have a mix of both permanent and holiday units in the letting pool. This business is easy to run and has a generous Body Corporate Salary.
Included is a spacious managers unit comprising of 3 bedrooms, 2 bathrooms, separate laundry, huge kitchen with high ceilings throughout. With air-conditioning in the lounge, plenty of storage and a massive courtyard this unit is sure to impress!
This complex features an outdoor Pool, Spa, Tennis Court, Steam Room, Gym, Barbecue Area and Meeting Room / Common Room facilities.
A short 10 minute stroll to an array of local restaurants, cafes and bars or hop on the tram for a 5 minute ride to Broadbeach.
With a low multiplier attached to this business and a unique three bedroom apartment, this type of Management Rights opportunity does not come around often!
Net Profit: $220,865
Property Code: 1109
Business Summary
Key Investment Insights
1. Net profit of $220,865, signalling strong current financial performance.
2. Low multiplier attached to the business, enhancing investment value and potential return.
3. Prime location 100 metres from the beach on the southern end of Surfers Paradise, supporting year-round demand.
4. Proximity to amenities, a 10 minute stroll to restaurants, cafes and bars, and a 5 minute tram ride to Broadbeach, aiding guest convenience and occupancy.
5. 4-star hi-rise with a mix of two and three bedroom fully self-contained apartments, catering to both families and groups.
6. Only two units per floor, offering increased privacy and likely higher appeal to guests.
7. Managers currently operate a mix of permanent and holiday units in the letting pool, providing diversified income streams and operational flexibility.
8. Business described as easy to run, with a generous Body Corporate salary, indicating manageable day-to-day operations and attractive remuneration.
9. Included spacious managers unit with three bedrooms, two bathrooms, separate laundry, huge kitchen, high ceilings, air-conditioning in the lounge, ample storage and a massive courtyard, representing significant owner-occupier value.
10. On-site facilities including outdoor pool, spa, tennis court, steam room, gym, barbecue area and meeting/common room, enhancing guest experience and competitiveness.
11. Unique offering of a three bedroom managers apartment within a management rights package, noted as a rare opportunity in the market.
