Surfers Paradise, Queensland

Incredible Growth Opportunity - Surfers Paradise - ID 8528

$1,368,000

Business Description

Holiday Management Rights For Sale
Just Outside the Hustle & Bustle

MR Sales are pleased to present the opportunity to secure this Management Rights business situated in the heart of the Gold Coast. A stunning 3 storey walk-up holiday complex ideally located just outside all the “hustle and bustle” while still being only a short walk to the beach, amazing restaurants and cafes, shops and public transport, making it a must-stay for families and business people. With 13 holiday apartments in the letting pool and a generous Body Corporate salary of $74,236, this business has a very healthy net profit of just over $195,000. There is also an amazing opportunity to double the letting pool with 13 units currently rented through outside agents, targeting these and applying some strong marketing would generate incredible growth!

- Healthy net profit of over $195,000

- Generous Body Corporate salary of $74,236 (CPI Indexed)

- Low maintenance complex

- Strong letting pool of 13 units

- Opportunity to double the letting pool with 13 units rented through outside agents

- Accommodation Module agreement (20 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: $196,845
Asking Price: $1,368,000
(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
Ben Lynn

Property Code: 703

Business Summary

Business Snapshot

Price: $1,368,000 Net Profit: $196,845 Remuneration / Body Corp Salary: $74,236

Managers Unit

Value of Managers Apartment: $568,000Bedrooms: 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: 13Owner Occupy Units: 12Outside Agent Units: 13Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesGames Room: YesBBQ Area: Yes

Marketing Agent

Ben Lynn

MR Sales

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%