Surfers Paradise, Queensland
EXCEPTIONAL GOLD COAST HOLIDAY RESORT NETTING OVER $1M | Resort Brokers ID : MR008248
Under Contract / Offer
Business Description
Opportunities like this do not come along often, do not hesitate to act now.
This blue-chip holiday letting resort in a prime Gold Coast location offers an exceptional net profit of more than $1M from over $3.3M in gross revenue.
Delivering a consistent growth trend through an increasing letting pool, apartment renovations and streamlining the systems and processes, this rock-solid management rights holiday letting business is underpinned by the fact it is zoned tourism only.
With a reasonably priced real estate component to purchase and very low maintenance facilities to manage this truly is an opportunity to secure one of the best resort businesses to come to market for some time.
Astute buyers should be quick to consider this exceptional offering.
- Exceptional net profit of $1.07M+ for last 12 months
- $3.3M in gross revenue showcases potential for business growth and increased return on investment
- Incredible body corporate remuneration of $225K+
- Zoned tourism only with 170+ lets in the letting pool
- Upgraded units and high standard resort facilities enhance guest experience and drive occupancy rates
- 23 years remaining on caretaking and letting agreements
- Real estate includes a two-bedroom manager’s unit, office and gym on title
- Supportive and proactive Body Corporate
- Option for nominee to reside onsite
- Inspections are strictly by appointment only
Date updated: 09 Feb 2025 22:00:04
Business Summary
Business Snapshot
Price: Under Contract / Offer
Net Profit: $1,127,000 Remuneration / Body Corp Salary: $252,110
Managers Unit
Value of Managers Apartment: $1,025,000Bedrooms: 1Bathrooms: 1Office: On TitleComplex Information
Complex Type: Resort / HolidayTotal Units in Complex: 205Total Units in Letting Pool: 170Owner Occupy Units: 12Outside Agent Units: 22Agreement Term Remaining: 23 years