Surfers Paradise, Queensland

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

$1,670,000

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: $205,559
Asking Price: $1,670,000
(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: $1,670,000 Net Profit: $205,559 Remuneration / Body Corp Salary: $117,713

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 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: 15Owner Occupy Units: 45Outside Agent Units: 2Lockup Units: 1Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 8 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Gerard Dixon

MR Sales

Key Investment Insights

1. Prime beachfront location, approximately 200 metres to iconic Surfers Paradise beach, with light rail directly at the building frontage.
2. Strong net cash flow, net profit $205,559, with remuneration/body corporate salary $117,713.
3. Asking price $1,670,000 inclusive of manager’s real estate, manager’s apartment valued at $850,000.
4. Manager’s unit is large and flexible, 2 bedrooms, 1 bathroom, two living areas with potential conversion to a third bedroom, plus two car spaces.
5. Low operational hours, office open only 2.5 hours per day Monday to Friday, enabling part-time management by a couple.
6. Exclusive use facilities include an office/reception and substantial 300 m² storage, enhancing operational efficiency.
7. Full resort amenities appeal to guests and owners, including pool, gym, spa, sauna, BBQ area and Wi‑Fi.
8. Asset and maintenance security, no major works anticipated and a $1 million sinking fund in place.
9. Management agreement is a standard 10‑year module with eight years remaining, providing term stability.
10. Upside opportunity to increase revenue by converting permanent rentals to holiday rentals, currently only 15 of 64 units in the letting pool.
11. Complex composition supports stability, 64 total units with 45 owner‑occupied units and limited outside agent/lockup units.
12. Owner profile and governance are favourable for buyers, long‑term vendors selling for genuine relocation reasons and a supportive committee focused on building upkeep.

Management Rights Multiplier: 3.99
ROI Estimate: 25.07%