Surfers Paradise, Queensland

Prime opportunity for add-on business or ideal first-time operation. | Resort Brokers ID : MR008094

$1,203,332

Business Description

The property is well-presented and operated, with low-maintenance gardens and common property, making this a caretaker's dream. It is the ideal opportunity for a new operator looking to enter the management rights industry, or for an existing business owner looking to expand their portfolio.

With a total of 42 properties in the scheme and 15 in the mixed letting pool, there is considerable opportunity to convert and grow letting potential. The business currently has 19 years remaining on the accommodation module agreements, providing long-term security for the new operator.

- Great location, close to public transport, beaches and cafes/bars.
- Easy to operate with 1 or 3 person team.
- Healthy sinking fund and supportive Body Corporate.
- Includes a spacious, air-conditioned manager's unit with three bedrooms, two bathrooms, a courtyard, and ample storage.
- Established operation with current owner's successful 8-year tenure.
- Perfectly sized for easy maintenance, ideal for first-time operators or as an addition to an existing portfolio.
- Long-term security with 19 years remaining on agreements.
- Opportunity for organic growth.
- Inspection by appointment only.
Date updated: 03 Mar 2024 22:00:19

Business Summary

Business Snapshot

Price: $1,203,332 Net Profit: $131,608 Remuneration / Body Corp Salary: $72,054

Managers Unit

Value of Managers Apartment: $800,000Bedrooms: 3Bathrooms: 2

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 42Total Units in Letting Pool: 15Owner Occupy Units: 23Outside Agent Units: 3Agreement Term Remaining: 19 years
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