Surfers Paradise, Queensland

Surfers Paradise Management Rights - Your Exclusive Opportunity Awaits

SOLD

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: SOLD 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

Craig Johnson

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 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. Tailored for a dynamic duo, with limited outdoor gardens and the option to hire additional staff for weekend reception duties.
6. Supportive and active Body Corporate Committee, with recent extension of agreements for another five years.
7. Stable and lucrative investment with a net profit of $446,345.
8. Managers apartment valued at $650,000 and pets are allowed.
9. Complex type is holiday with 59 units in total, 31 in the letting pool, and 12 owner-occupied units.
10. Agreement module is accommodation with 18 years remaining on a 25-year term.
11. On-site amenities include a pool, spa, sauna, and BBQ area.

Management Rights Multiplier: 5.12
ROI Estimate: 19.54%