Surfers Paradise, Queensland

Surfers Paradise Management Rights - Your Exclusive Opportunity Awaits

$2,934,000

Business Description

Situated in the vibrant heart of Surfers Paradise, a mere 50 meters from pristine beaches and a short stroll to the bustling Cavill Avenue, an exceptional opportunity awaits to acquire this lucrative Management Rights business.

This high-rise apartment complex features a range of fully self-contained airconditioned one and two-bedroom apartments, each boasting ocean views and private balconies.

Attracting holidaymakers seeking a memorable getaway, the complex offers amenities such as a Heated Outdoor Pool, Two Spas, BBQ Area, and complimentary Underground Secure Parking.

The package includes a spacious two-bedroom, two-bathroom ground floor manager's residence with an expansive courtyard.

Tailored for a dynamic duo, this property, with limited outdoor gardens, provides a unique setting. For those desiring weekends off, the profit and loss statement account for an additional staff member, assisting with weekend reception duties.

Bolstering the appeal is a supportive and active Body Corporate Committee, and a recent extension of the agreements for another five years underscores the stability and longevity of this investment.

Call me today to discuss this amazing opportunity.

Net Profit: $446,345

Property Code: 9

Business Summary

Business Snapshot

Price: $2,934,000 Net Profit: $446,345 Remuneration / Body Corp Salary: $114,803Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $650,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
2 Bedroom + 2 Bathroom, 1 Car Space

Complex Information

Complex Type: HolidayTotal Units in Complex: 59Total Units in Letting Pool: 31Owner Occupy Units: 12Outside Agent Units: 11Lockup Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesSpa: YesSauna: YesBBQ Area: Yes
Marketing Agent
Hotel Resort Sales

Hotel Resort Sales

Key Investment Insights

1. Prime location in the heart of Surfers Paradise, only 50 meters from the beach and a short walk to popular Cavill Avenue.
2. High-rise apartment complex with fully self-contained one and two-bedroom apartments, each with ocean views and private balconies.
3. Attractive amenities including a heated outdoor pool, two spas, BBQ area, and complimentary secure parking.
4. Includes a spacious two-bedroom, two-bathroom ground floor manager's residence with an expansive courtyard.
5. Ideal for a dynamic duo with the potential for a weekend reception assistant to allow for weekends off.
6. Supportive and active Body Corporate Committee.
7. Recently extended agreements for another five years, providing stability and longevity for the investment.
8. Net profit of $446,345.
9. Managers unit valued at $650,000 with 2 bedrooms, 2 bathrooms, and 1 car space.
10. Complex type is holiday with a total of 59 units, with 31 in the letting pool and 12 owner-occupied.
11. Agreement module is accommodation with a remaining term of 18 years out of 25.
12. On-site facilities including a pool, spa, sauna, and BBQ area.

Management Rights Multiplier: 5.12
ROI Estimate: 19.54%

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