Surfers Paradise, Queensland

Own a Holiday Business in Surfers Paradise – Priced to Move! - ID 8528

$1,369,000

Business Description

Holiday Management Rights For Sale
Strong Upside to Boot!

Here is a stunning 3 storey walk-up holiday complex ideally located just outside all the “hustle and bustle”. Only a short walk to the beach, amazing restaurants, cafes, shops and public transport, makes it a must-stay for families and business people. There is also a genuine opportunity to double the letting pool with 12 units currently rented through outside agents. Targeting these and applying some strong marketing would generate some serious growth.

- Healthy net profit of $206,800

- Generous Body Corporate salary of $78,746 (CPI Indexed)

- Low workload complex

- Opportunity to double the letting pool with 12 units rented through outside agents

- Accommodation Module agreement (22 years remaining)

- Office attached and on title

- Ground floor, 2 bed, 2 bath managers residence with courtyard and secure parking

Looking for a strong holiday complex with incredible growth opportunities? Arrange your inspection now!

Net Profit: $206,800
Asking Price: $1,369,000
(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 Brokers
Gerard Dixon & Phil Trimble

Property Code: 703

Business Summary

Business Snapshot

Price: $1,369,000 Net Profit: $206,800 Remuneration / Body Corp Salary: $78,746

Managers Unit

Value of Managers Apartment: $790,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On Title

Spacious ground floor residence, Two bedrooms, Two bathrooms, Private courtyard and two secure parking spaces, Attached office on title.

Complex Information

Complex Type: HolidayTotal Units in Complex: 39Total Units in Letting Pool: 12Owner Occupy Units: 15Outside Agent Units: 12Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesGames Room: YesBBQ Area: Yes

Marketing Agent

Gerard Dixon

Phil Trimble

MR Sales

Key Investment Insights

1. Asking price $1,369,000, inclusive of manager's real estate, positioned against net profit of $206,800.
2. Body corporate salary of $78,746 is CPI indexed, offering predictable indexed income.
3. Combined operator cashflow can be reasonably inferred at about $285,546, from reported net profit plus body corporate salary.
4. Accommodation Module agreement provides long-term security, 25 year term with 22 years remaining.
5. Strong upside via immediate growth opportunity to double the letting pool, 12 units currently managed by outside agents.
6. Prime Surfers Paradise location, short walk to the beach, restaurants, cafes, shops and public transport, yet just outside the "hustle and bustle".
7. 39-unit holiday complex, low workload operation, suited to hands-off management or small team.
8. Managers residence is ground floor, 2 bed 2 bath with private courtyard and two secure parking spaces, manager's unit valued at $790,000.
9. Office attached and on title, providing on-site commercial space and added asset value.
10. Guest amenity set includes pool, spa, games room and BBQ area, enhancing holiday appeal and letting potential.

Management Rights Multiplier: 2.80
ROI Estimate: 15.11%