Key Investment Insights
Key Insights:
1. Located in the heart of the Gold Coast, this Management Rights business offers a prime location for holiday-goers and business travelers alike.
2. The complex is a 3 storey walk-up with 13 holiday apartments in the letting pool, providing a strong and consistent source of income.
3. The business has a healthy net profit of over $195,000 and a generous Body Corporate salary of $74,236, providing a solid financial foundation for potential buyers.
4. There is an incredible opportunity for growth, with 13 units currently rented through outside agents. Targeting these units and implementing strong marketing strategies could potentially double the letting pool and significantly increase profits.
5. The complex is low maintenance, making it an ideal investment for first-time buyers or those looking for a manageable business.
6. The accommodation module agreement has 20 years remaining, providing long-term stability and security for the new owner.
7. The manager's residence is a spacious ground floor unit with two bedrooms, two bathrooms, a private courtyard, and two secure parking spaces. The attached office is also on title, providing convenience and efficiency for the manager.
8. The complex offers a range of amenities, including a pool, spa, games room, and BBQ area, making it an attractive option for holiday-makers.
9. The asking price of $1,368,000 includes the manager's real estate, providing an excellent opportunity for a new owner to live on-site and enjoy the Gold Coast lifestyle.
10. With a strong holiday market and incredible growth potential, this Management Rights business is a must-see for anyone looking for a profitable and promising investment opportunity.
Management Rights Multiplier: 4.06
ROI Estimate: 24.61%