Surfers Paradise, Queensland
No Requirement To Live On Site - ID 7912
$980,000
Business Description
Holiday Management Rights For Sale
- Holiday letting on Chevron Island
- Manager’s unit currently rented for $38,457 (NOT included in net profit)
- Walk to beach, restaurants, and shops
- Quiet location, VERY popular with holiday makers
- Ample upside as current managers are not hands on
- A busy, budget building with potential to increase tariffs
- Supportive and proactive committee
A terrific holiday business for newcomers to the industry. Because there is no need to live on site, locals can continue living in their own home, work roughly 30 hrs per week.
Net Profit: $133,916 (PLUS $38,457 for rental of manager’s unit)
Asking Price: $930,000
(Inclusive of manager's real estate)
For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:
Management Rights Broker
Gerard Dixon
Property Code: 790
Business Summary
Business Snapshot
Price: $980,000
Net Profit: $133,916 Remuneration / Body Corp Salary: $31,185
Managers Unit
Value of Managers Apartment: $460,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Pets OK: NoOverlooking the swimming pool, the apartement features a spacious open balcony equipped with shutters, ideal for privacy and relaxation. The interior boasts a newly renovated kitchen, featuring air conditioning and vinyul flooring. The apartment is adjacent to the office but separated by a door offering privacy and flexibility. With no requirement to live onsite, the residence can be used as either a manager's unit or a holiday/permanent rental.
Complex Information
Complex Type: HolidayTotal Units in Complex: 18Total Units in Letting Pool: 8Owner Occupy Units: 5Outside Agent Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesBBQ Area: YesWIFI: Yes
Key Investment Insights
Management Rights Multiplier: 3.88
ROI Estimate: 25.75%