Surfers Paradise, Queensland

LIVE AND WORK BESIDE THE BEACH - FANTASTIC MANAGEMENT RIGHTS

$1,780,000

Business Description

Live and work by the beach with this fantastic holiday complex in Surfers Paradise. An excellent opportunity exists to purchase a great business in a prime tourist location. Showing excellent net profit and with 19 years left on the agreement this management rights business is great buying.

There are 15 apartments (2 apartments are dual key) in the letting pool. The complex has an outstanding reputation with guests and has a Booking.com rating of 9.2 of 10 Superb, one of the highest in the area.

Offering a great lifestyle, low maintenance complex, with no set office hours and great systems in place this is the perfect business for first timers to the management rights industry or experienced operators. Easily run by 1 person with a fantastic and supportive Body Corporate and committee. There is also an opportunity to live off site offering further income potential with the current rental market at an all-time high.

This complex is a guest favourite, with great room options available from Studio rooms, 1-bedroom apartments, 2-bedroom apartments to a 3-bedroom penthouse.

- Healthy Net Profit

- Low Maintenance

- No set office hours

- Perfect Location

- Great Managers Unit

- Fantastic and supportive Body Corporate and committee

Call now for further information or to arrange an inspection.

Property Code: 1259

Business Summary

Business Snapshot

Price: $1,780,000 Net Profit: $211,580 Remuneration / Body Corp Salary: $53,365Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: Exclusive UsePets OK: Yes
Stylish 2-bedroom, 2-bathroom apartment huge courtyard and additional entertaining room, 1 car space

Complex Information

Complex Type: MixedTotal Units in Complex: 24Total Units in Letting Pool: 15Owner Occupy Units: 9Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesSpa: YesSauna: YesBBQ Area: YesWIFI: Yes
Marketing Agent
Scott Saunders
Scott Saunders

Premier Business Sales

Premier Business Sales

Key Investment Insights

1. Prime tourist location in Surfers Paradise with excellent net profit and 19 years left on the agreement.
2. 15 apartments in the letting pool, including dual key apartments, with an outstanding reputation and high Booking.com rating.
3. Low maintenance complex with no set office hours, perfect for first-time management rights owners or experienced operators.
4. Opportunity to live off-site for additional income potential in a high rental market.
5. Variety of room options available, including studio, 1-bedroom, 2-bedroom, and 3-bedroom penthouse.
6. Healthy net profit and low maintenance make for a great investment opportunity.
7. Managers unit valued at $850,000 with 2 bedrooms, 2 bathrooms, and a large courtyard.
8. Complex has a mix of owner-occupied and lockup units, with 1 manager unit and a variety of amenities including a pool, spa, sauna, BBQ area, and WIFI.
9. Accommodation agreement in place for 25 years with 19 years remaining.
10. Fantastic and supportive Body Corporate and committee.

Management Rights Multiplier: 4.40
ROI Estimate: 22.75%

Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights For Sale

You may also like

Enviable Lifestyle with a Reliable Cashflow
Ray White Commercial Gold Coast
Enviable Lifestyle with a Reliable Cashf...

RUNAWAY BAY

Offers over $1.375M Villa & $400K MR Business

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

High Income & Easy Business - ID 8503
MR Sales
High Income & Easy Business - ID 850...

BIGGERA WATERS

$1,879,000

Net Income: $244,268
Managers Estate: $795,000 3 Bed 2 Bath
Letting Pool: 65
Remuneration:

Secure High-Net Waterfront Luxury Living - ID 7993
MR Sales
Secure High-Net Waterfront Luxury Living -...

SURFERS PARADISE

$1,790,000

Net Income: $187,175
Managers Estate: $990,000 2 Bed 2 Bath
Letting Pool: -
Remuneration: $129,737

Management Rights on the Water with Three Bedroom Unit
Hotel Resort Sales
Management Rights on the Water with Three...

BIGGERA WATERS

$1,879,000

Net Income: $224,048
Managers Estate: $775,000 3 Bed 2 Bath
Letting Pool: 65
Remuneration: $115,528

Burleigh Heads Management Rights with HUGE 3 Bedroom Unit
Hotel Resort Sales
Burleigh Heads Management Rights with HUGE...

BURLEIGH HEADS

$1,820,000

Net Income: $194,624
Managers Estate: - 3 Bed 2 Bath
Letting Pool: 38
Remuneration: $71,313

Paradise found! Your Dream Business Awaits on the Gold Coast - ID 8122
MR Sales
Paradise found! Your Dream Business Awaits...

LABRADOR

$1,692,500

Net Income: $255,000
Managers Estate: $650,000 2 Bed 2 Bath
Letting Pool: 42
Remuneration: $61,700

Strategic Location Christchurch Central
Seeking a dedicated and proactive Building Manager (contractor)
Enviable Lifestyle with a Reliable Cashflow
Freehold Business in Lambton for $3.25M, Developers Dream - 125HF
Large & Profitable in Napier
Lake Boga Pub - 1P6058
Exceptional FHGC Caravan Park for Sale in Historic Charters Towers - 1056CPF
EASY Business and LARGE Remuneration with 3% annual increase!
Byron Bay Boutique Beachside Lifestyle Business | Resort Brokers ID : MR008358
TWO SIDE-BY-SIDE PERMANENTS NETTING $583K FOR 4.8X MULTIPLIER | Resort Brokers ID : MR008354
OFF THE PLAN PERMANENT MANAGEMENT RIGHTS | LITTLE EAGLE NUDGEE BY PEET
FOR SALE BY EXPRESSIONS OF INTEREST - LaTrobe Motel Morwell VIC - 1P0435
GREAT STARTER MOTEL LEASE - NORTHERN RIVERS NSW
Prime Freehold Opportunity: 41 Key Property Just 1 Hour from Hobart  | Resort Brokers ID : FH008355
EARN BIG WITH THIS NEW MLR BUSINESS-ONLY IN NEWPORT’S MASTERPLAN | Resort Brokers ID : MR008330
Prime Passive Investment Motel with secure tenants and exceptional potential! | Resort Brokers ID : INV008342
TURNKEY LEASHOLD OPPORTUNITY, EASE OF OPERATION, RUN REMOTELY | Resort Brokers ID : LH008359
Strong Trading Well Presented Caravan Park on The Tablelands - 1P5799CP