Surfers Paradise - Holiday- Sold & Settled - ID 7807

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.