Surfers Paradise Management Rights With 3 Bedroom Apartment

Key Investment Insights

AI generated. Confirm details with the seller.

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.