Surfers Paradise, Queensland

Under Contract - High-Rise Permanent Management Rights in Surfers Paradise - ID 9169

Under Contract / Offer

Business Description

Permanent Management Rights For Sale
Office hours only 2.5 hours per day, Monday to Friday

- 200 m to iconic Surfers Paradise beach

- Easily managed by a couple

- Light rail at the front of the building

- Large 2 bedroom, 1 bathroom manager's unit with 2 living areas, or space for a 3rd bedroom

- Office / reception and 300m² storage on exclusive use

- Full resort facilities - pool, gym, spa, sauna

- No major works to be completed with $1M sinking fund

- Full resort facilities - pool, gym, spa, sauna

- Potential upside by converting permanent rentals over to holiday

Ideal business for first timers to the management rights industry. Healthy salary and inocme with a supportive committee intent on building upkeep. Genuine reason for selling, long term owners wanting to relocate.

Net Profit: $170,225
Asking Price: $1,660,000
(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: 907

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $170,225 Remuneration / Body Corp Salary: $125,446

Managers Unit

Value of Managers Apartment: $950,000Bedrooms: 2Bathrooms: 1Car Spaces: 2Office: Exclusive Use

2 bedroom, 1 bathroom, office and two living areas which offers potential to convert to 3 bedrooms. Additonal office/lobby/reception on exclusive use. Media room, linen rooms and 2 parking spaces.

Complex Information

Complex Type: MixedTotal Units in Complex: 64Total Units in Letting Pool: 13Owner Occupy Units: 45Outside Agent Units: 2Lockup Units: 3Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Gerard Dixon

MR Sales

Key Investment Insights

1. 200 metres to iconic Surfers Paradise beach, prime beachfront-adjacent location.
2. Light rail at the front of the building, strong public transport connectivity.
3. Office hours only 2.5 hours per day, Monday to Friday, low daily operational time requirement.
4. Business described as easily managed by a couple, suitable for owner-operators or first-time entrants.
5. Large manager’s apartment valued at $950,000, two bedrooms plus two living areas with scope to convert to a third bedroom.
6. Manager’s apartment includes two car spaces and exclusive use office, enhancing convenience and onsite presence.
7. Office/reception plus 300m² exclusive-use storage, providing operational capacity and asset value.
8. Full resort facilities including pool, gym, spa, sauna, BBQ area and WiFi, supporting higher guest appeal.
9. $1 million sinking fund and no major works required, reducing near-term capital expenditure risk.
10. Agreement term 10 years with nine years remaining, providing medium-term contractual stability.
11. Complex composition 64 units with only 13 in the letting pool and 45 owner-occupied units, indicating limited holiday stock and owner stability.
12. Net profit $170,225 with remuneration/body corporate salary $125,446, asking price $1,660,000 inclusive of manager’s real estate, potential upside from converting permanent rentals to holiday letting.

Management Rights Multiplier: 4.17
ROI Estimate: 10.25%