Surfers Paradise, Queensland

Surfers Paradise - Holiday- Sold & Settled - ID 7807

SOLD

Business Description

Holiday Management Rights For Sale

Enjoy Spectacular Ocean Views from Each Apartment

• 12-storey complex featuring modern 1- & 2-bedroom apartments

• Long-term agreements with 24 years remaining, ensuring stability

• Exceptional Body Corporate and committee, ensuring efficient operations

• 20 apartments currently in the lucrative letting pool

• Partial bundled fees offer significant potential for growth

• Attractive low multiplier, facilitating a quick and favourable sale

• Exclusive Use reception with state-of-the-art Hirum PMS

• Lucrative Body Corporate salary of $69,250

• Easily manageable complex, minimising stress for operators

• Complete refurbishment of all facilities, guaranteeing a premium experience

Perfectly situated just steps away from a monitored beach and conveniently within walking distance to all the attractions of Surfers Paradise, making it an unbeatable location. An excellent opportunity for those entering the industry for the first time, this complex is truly exceptional.

Net Profit: $450,000

Asking Price: $2,845,000

(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 Broker

Phil Trimble

Property Code: 564

Business Summary

Complex Information

Marketing Agent

Phil Trimble

MR Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. The business for sale is a holiday management rights opportunity located in Surfers Paradise, a popular tourist destination on the Gold Coast.
2. The complex features modern 1- & 2-bedroom apartments spread over 12 storeys, all with spectacular ocean views.
3. The business has long-term agreements with 24 years remaining, providing stability and security for the new owner.
4. The Body Corporate and committee are exceptional, ensuring efficient operations and a well-maintained complex.
5. There are currently 20 apartments in the lucrative letting pool, with potential for growth through bundled fees.
6. The low multiplier and attractive Body Corporate salary of $69,250 make this business an attractive investment opportunity.
7. The complex has an exclusive use reception with state-of-the-art Hirum PMS, making management and operations easier for the owners.
8. The complex has recently undergone a complete refurbishment of all facilities, guaranteeing a premium experience for guests.
9. The location of the complex is unbeatable, just steps away from a monitored beach and within walking distance to all the attractions of Surfers Paradise.
10. The business has a net profit of $450,000 and is being sold for $2,845,000, inclusive of the manager's real estate.
11. The complex is easily manageable, minimizing stress for the operators and making it an excellent opportunity for those entering the industry for the first time.
12. The business is being sold by Management Rights Broker Phil Trimble.