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. Prime location: The management rights business is located only 100 metres from the beach in the popular tourist destination of Surfers Paradise.
2. Mix of permanent and holiday units: The current managers have a good mix of both permanent and holiday units in the letting pool, providing a stable income stream.
3. Easy to run: The business is described as easy to run, making it suitable for first-time management rights owners or those looking for a low-stress business opportunity.
4. Generous Body Corporate Salary: The business offers a generous Body Corporate Salary, providing a steady income for the managers.
5. Spacious managers unit: The managers unit is described as spacious, with 3 bedrooms, 2 bathrooms, and a large courtyard, making it an attractive living space for the managers.
6. Resort-style facilities: The complex offers an array of resort-style facilities, including a pool, spa, tennis court, steam room, gym, and barbecue area, providing added value for residents and guests.
7. Close to local amenities: The business is within a short walking distance to an array of local restaurants, cafes, and bars, providing convenience for residents and guests.
8. Low multiplier: The business has a low multiplier attached to it, making it an attractive investment opportunity.
9. Unique three bedroom apartment: The managers unit is a unique three bedroom apartment, adding to the appeal of this management rights opportunity.
10. High net profit: The business has a high net profit of $220,865, providing a strong return on investment for potential buyers.
