Surfers Paradise, Queensland

Boutique Management Rights - Just Steps From The Beach!

SOLD

Business Description

Perfectly positioned between Surfers Paradise and Broadbeach, this beautifully maintained management rights complex offers an enviable beachside lifestyle. Just steps from the sand, it provides the perfect balance of work and leisure.

With no set office hours in the agreement, this opportunity offers flexible management of body corporate duties, making it ideal for a single operator, a couple seeking a more relaxed lifestyle, or those looking to balance work with additional commitments.

The spacious ground-floor manager’s unit features two bedrooms, 1.5 bathrooms, a fully enclosed outdoor entertainment area as well as an oversized private courtyard - perfect for pets or entertaining.

This boutique, low-maintenance complex consists of 24 units, with 12 in the letting pool (includes 1 external let), plus two of which are dual key. The self-contained apartments are a favourite among holidaymakers and returning guests, boasting immaculate presentation and outstanding 5-star Google reviews. On-site amenities include a swimming pool, spa, sauna, and secure underground parking.

Located directly across from the Surf Club and patrolled beach, with a park and beach access just steps away. Conveniently positioned near an array of shops including pizza shop, takeaway, convenience store, bottle shop, and a tram stop.

With a proactive and highly supportive Body Corporate, this is a rare chance to secure a thriving beachside management rights business that offers both lifestyle flexibility and strong returns!

Call Craig for further information or to arrange an inspection.

Net Profit: $173,492

Property Code: 68

Business Summary

Business Snapshot

Price: SOLD Net Profit: $173,492 Remuneration / Body Corp Salary: $59,856Business Value: $700,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $950,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 24Total Units in Letting Pool: 12Owner Occupy Units: 10Outside Agent Units: 1Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesSauna: Yes

Marketing Agent

Craig Johnson

1300 9....

Hotel Resort Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Beachside position between Surfers Paradise and Broadbeach, directly opposite the Surf Club and patrolled beach.
2. Flexible management arrangement with no set office hours, suiting a single operator, couple or lifestyle focused buyer.
3. Established boutique complex comprising 24 units, with 12 in the letting pool including one external letting.
4. Net profit of $173,492, plus $59,856 remuneration and body corporate salary reviewed annually by CPI.
5. Spacious two bedroom manager’s residence includes 1.5 bathrooms, enclosed entertaining area and oversized private courtyard.
6. On site facilities include a swimming pool, spa, sauna and secure underground parking.
7. Self contained apartments receive strong guest satisfaction, reflected in immaculate presentation and outstanding five star Google reviews.
8. Convenient access to shops, takeaway venues, bottle shop, convenience store, park, beach access and a nearby tram stop.
9. Supportive and proactive Body Corporate, with a 25 year agreement and 22 years remaining.
10. Pet friendly manager’s unit with one allocated car space and office on title.

Management Rights Multiplier: 4.03
ROI Estimate: 10.51%