Surfers Paradise, Queensland

Short Term Gem - ID 7838

$4,600,000

Business Description

Holiday Management Rights For Sale
On The Beach

- 64% of units in the holiday letting pool

- High net, 4 star complex

- Well run business with all systems in place

- Body Corporate salary of approximately $100,000

- Over 19 years remaining on agreement

- Excellent and supportive Body Corporate committee

- 3 bedroom, 2 bathroom manager's residence

- Reception on title

- Office opens 5.5 days per week, closed Sundays

Long standing managers wish to move on to their next business venture. This management rights business offers a prime location, high return clientele along with easy to maintain resort style facilities. Excellent option for either experienced operator or those wishing to enter into the management rights industry for the first time.

Net Profit: $520,000
Asking Price: $4,600,000
(Inclusive of Manager's Real Estate)

For further information or to arrange for an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Broker
Phil Trimble

Property Code: 924

Business Summary

Business Snapshot

Price: $4,600,000 Net Profit: $520,000 Remuneration / Body Corp Salary: $105,540

Managers Unit

Value of Managers Apartment: $1,600,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Located on the ground floor, 3 bedroom residence, 2.5 bathrooms, Large balcony providing absolute beach and ocean views, Office and reception detached from residence and on title, Current valuation in place

Complex Information

Complex Type: HolidayTotal Units in Complex: 33Total Units in Letting Pool: 20Owner Occupy Units: 3Lockup Units: 9Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 20 yearsPool: YesBBQ Area: Yes

Marketing Agent

Phil Trimble

MR Sales

Key Investment Insights

1. Prime beachfront location with high return clientele.
2. Well-established and profitable business with a high net profit.
3. Majority of units in the holiday letting pool, providing a steady income stream.
4. Long remaining agreement term of over 19 years.
5. Supportive and proactive Body Corporate committee.
6. Fully equipped and well-maintained resort style facilities.
7. 3 bedroom, 2 bathroom manager's residence included in the sale.
8. Reception on title and office open 5.5 days per week.
9. Opportunity for experienced operators or first-time management rights buyers.
10. Manager's real estate included in the asking price.

Management Rights Multiplier: 5.77
ROI Estimate: 17.33%