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 a Booking.com rating of 9.2 out of 10.
2. 15 apartments in the letting pool, with 2 being dual key.
3. Excellent net profit and 19 years remaining on the agreement.
4. Low maintenance complex with no set office hours.
5. Opportunity for off-site living and additional income potential.
6. Range of room options available, including a 3-bedroom penthouse.
7. Stylish 2-bedroom, 2-bathroom manager's apartment with a huge courtyard and additional entertaining room.
8. Mixed complex with a total of 24 units, 15 in the letting pool and 9 owner-occupied units.
9. Agreement module is Accommodation with a term of 25 years and 19 years remaining.
10. On-site amenities include a pool, spa, sauna, BBQ area, and WIFI.
11. Fantastic and supportive Body Corporate and committee.
12. Perfect for first-time management rights industry buyers or experienced operators.

Management Rights Multiplier: 4.40
ROI Estimate: 22.75%

Listing location
Gallery

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