Surfers Paradise, Queensland

Easily Run Management Rights in Surfers Paradise – ID 9151

$775,000

Business Description

Permanent | Holiday Management Rights for Sale
River location with Upside Potential

- Office attached and on title.
- 19-year agreements with 5 yr. top due Dec 2024.
- No set office hours in agreements, contactable only.
- Vendor moving on after 11 years.
- 2 external rentals available, netting $11,684 (additional to advertised profit).
- Low workload, can be run by one person.
- Well-located, 10 min walk to the beach.
- 2 BR residence with enclosed courtyard.

If you are new to management rights, this is the complex for you. A secure business with long agreements, low workload, and growth potential. An enthusiastic new operator looking for a holiday business in Surfers Paradise will do very well here.

Net Profit: $73,531
Asking Price: $775,000
(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: 866

Business Summary

Business Snapshot

Price: $775,000 Net Profit: $73,531 Remuneration / Body Corp Salary: $25,749

Managers Unit

Value of Managers Apartment: $540,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title

2-bedroom, 2-bathroom apartment attached to the office on title with a private courtyard off the living room.

Complex Information

Complex Type: MixedTotal Units in Complex: 16Total Units in Letting Pool: 7Owner Occupy Units: 5Outside Agent Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 19 yearsPool: YesMarina Berth: Yes

Marketing Agent

Gerard Dixon

MR Sales

Key Investment Insights

Key Insights:

1. Long agreements with 19 years remaining provide a secure business opportunity.
2. Low workload and potential for growth make this an attractive investment.
3. The complex is well-located, only a 10-minute walk to the beach.
4. The attached office on title adds convenience and value to the business.
5. The current owner has been in the business for 11 years and is now looking to move on.
6. The complex has 2 external rentals available, providing additional income.
7. The 2-bedroom, 2-bathroom manager's unit with a private courtyard is a desirable feature.
8. The complex has a mix of permanent and holiday rentals, providing a diverse income stream.
9. The current manager's net profit is $73,531, with potential for growth.
10. The asking price of $775,000 includes the manager's real estate.
11. This is a great opportunity for a new operator to enter the management rights industry in Surfers Paradise.

Management Rights Multiplier: 3.20
ROI Estimate: 31.29%