Surfers Paradise, Queensland

Holiday Management Rights with Substantial Body Corporate Salary

$3,500,000

Business Description

Located in Surfers Paradise, positioned directly across from the beach, a unique opportunity presents to purchase the management rights for this luxurious resort. The holiday letting pool consists of 21 spacious self-contained apartments all with ocean views.

With an extensive list of resort amenities including both indoor and outdoor heated pools, two relaxing spas, sauna, full size tennis court, BBQ areas, gymnasium plus free secure underground parking, it offers guests an entire holiday experience.

The renovated managers apartment boasts two spacious bedrooms and one modern bathroom, with the option to create a second bathroom by utilising a portion of the back office without compromising work space. In addition, a large separate office is included on title, providing a perfect workspace in paradise.

This management rights business includes a generous body corporate salary of $239k with a scheduled increased due in August. Couple this with a healthy 22 years on the agreements this resort ticks all the boxes.

Situated in the heart of Surfers Paradise you are within easy walking distance to an array of fantastic dining, charming cafes and lively bars. Surfers Paradise is known for its iconic beach and world class events such Gold Coast Airshow, GC500 and Gold Coast marathon.

With a substantial net profit, an excellent body corporate renumeration and long-term agreements in place, this management rights opportunity is simply too good to overlook. This is your chance to secure the lifestyle and financial rewards you have been waiting for.

Net Profit: $439,501

Property Code: 28

Business Summary

Business Snapshot

Price: $3,500,000 Net Profit: $439,501 Remuneration / Body Corp Salary: $239,437Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,050,000Bedrooms: 2Bathrooms: 1Car Spaces: 1

Complex Information

Complex Type: HolidayTotal Units in Complex: 106Total Units in Letting Pool: 26Owner Occupy Units: 73Outside Agent Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesIndoor Pool: YesSpa: YesSauna: YesGym: YesTennis Court: YesBBQ Area: Yes

Marketing Agent

Craig Johnson

Hotel Resort Sales

Key Investment Insights

Key Insights:

1. Prime location in Surfers Paradise, directly across from the beach.
2. 21 spacious self-contained apartments with ocean views in the holiday letting pool.
3. Extensive list of resort amenities including indoor and outdoor heated pools, spas, sauna, tennis court, BBQ areas, and gymnasium.
4. Renovated managers apartment with potential to create a second bathroom.
5. Large separate office included on title.
6. Generous body corporate salary of $239k with scheduled increase in August.
7. 22 years remaining on the agreements.
8. Easy walking distance to dining, cafes, and bars in Surfers Paradise.
9. Surfers Paradise known for its iconic beach and world class events.
10. Substantial net profit of $439,501.
11. Excellent body corporate remuneration.
12. Long-term agreements in place.
13. Opportunity to secure a desirable lifestyle and financial rewards.

Management Rights Multiplier: 5.57
ROI Estimate: 17.94%