Surfers Paradise, Queensland

Surfers Paradise Management Rights, Prime Location & Spacious 3 Bedroom Managers Unit

$1,770,000

Business Description

Priced Reduced by 40k - Set to Sell

An incredible opportunity has presented to purchase a thriving management rights business in the heart of Surfers Paradise, just 100 metres from the beach! Positioned on the sought-after Southern end of Surfers Paradise, this well-maintained high-rise complex offers a boutique feel with only two apartments per floor, ensuring exclusivity and privacy for guests.

The fully renovated spacious 3-bedroom manager’s residence is a rare find, offering the perfect blend of comfort and functionality:

* 3 spacious bedrooms
* 2 modern bathrooms
* High ceilings throughout, enhancing space and light
* Expansive kitchen with quality finishes and ample storage
* Separate laundry room for added convenience * Private, oversized courtyard – ideal for relaxation, entertaining or your pet

Guests will enjoy resort style amenities including outdoor pool & heated spa, Full-sized tennis court, steam room & gym, BBQ area and landscaped gardens, Meeting room / common room facilities – ideal for business travellers.

An ideal opportunity for new operators as this well-established and easy-to-manage business is perfect for first-time operators looking to enter the lucrative management rights industry. With a strong net profit of $184,548, a prime beachfront location, and low-maintenance operations, this opportunity offers both lifestyle and financial rewards.

Net Profit: $184,548

Property Code: 66

Business Summary

Business Snapshot

Price: $1,770,000 Net Profit: $184,548 Remuneration / Body Corp Salary: $117,451Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $995,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: Exclusive UsePets OK: Yes

Complex Information

Complex Type: HolidayManager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 8 yearsPool: YesSpa: YesSauna: YesGym: YesTennis Court: YesBBQ Area: YesFunction Facilities: Yes

Marketing Agent

Craig Johnson

Rebecca Johnson

Hotel Resort Sales

Key Investment Insights

1. Prime location in the heart of Surfers Paradise, just 100 metres from the beach.
2. Boutique high-rise complex with only two apartments per floor, ensuring exclusivity and privacy for guests.
3. Fully renovated spacious 3-bedroom manager's residence with high ceilings, modern bathrooms, and an expansive kitchen.
4. Resort-style amenities including outdoor pool, heated spa, tennis court, steam room, gym, BBQ area, and landscaped gardens.
5. Ideal opportunity for first-time operators looking to enter the lucrative management rights industry.
6. Strong net profit of $184,548 and low-maintenance operations.
7. Manager's unit valued at $995,000 with 3 bedrooms, 2 bathrooms, and a private courtyard.
8. Complex type is holiday with only 1 manager unit.
9. Agreement term remaining is 8 years with a standard agreement module.
10. Pet-friendly complex.
11. Potential for growth and increased profits through marketing and business development strategies.

Management Rights Multiplier: 4.20
ROI Estimate: 23.81%