Surfers Paradise, Queensland
Prime Gold Coast Management Rights with Growth Potential and Flexible Operation
Under Contract / Offer
Business Description
Surf Parade Resort is a standout opportunity to secure a thriving management rights business in one of the Gold Coast’s most enviable locations, perfectly positioned between the sought-after lifestyle hubs of Broadbeach and Surfers Paradise. This well-maintained, 98-unit complex comprises fully self-contained one-bedroom holiday apartments, offering guests the perfect blend of comfort, convenience and coastal charm.
Each apartment features a full kitchen, spacious living and dining areas, private balcony or patio, in-room laundry, spa bath, air-conditioning, Wi-Fi and secure parking, making them ideal for couples, solo travellers and corporate guests seeking a stress-free beachside getaway.
Highly popular with holidaymakers, the resort is just a short stroll from patrolled beaches, light rail, vibrant restaurants, cafés, nightlife and major shopping centres. Guests also enjoy outstanding onsite facilities including a heated swimming pool, spa, sauna, gym, BBQ area and poolside cabanas with walk-in showers.
The business currently manages 27 apartments in the letting pool, with 20 additional units under outside agents, presenting an immediate opportunity to expand the letting pool and increase revenue. With current occupancy at 64 per cent, there is substantial upside for a motivated operator to drive performance through improved guest engagement and pool conversion.
Operations are streamlined with flexible office hours at the manager’s discretion, an on-title manager’s office and multiple large storage areas to support efficient day-to-day management.
With a strong net profit, prime location and clear pathways for growth, Surf Parade Resort is a blue-chip lifestyle business offering excellent value and long-term upside in one of Queensland’s most iconic beach destinations.
Business Summary
Business Snapshot
Price: Under Contract / Offer
Net Profit: $423,881 Remuneration / Body Corp Salary: $200,884
Managers Unit
Value of Managers Apartment: $700,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Complex Information
Complex Type: Resort / HolidayTotal Units in Complex: 98Total Units in Letting Pool: 27Owner Occupy Units: 51Outside Agent Units: 20Agreement Term: 25 yearsAgreement Term Remaining: 22 years
Key Investment Insights
Key insights:
1. Prime location in a highly sought-after area between Broadbeach and Surfers Paradise.
2. Well-maintained complex with 98 fully self-contained one-bedroom holiday apartments.
3. Strong occupancy rates and high popularity with holidaymakers.
4. Opportunity to expand the letting pool and increase revenue with 20 additional units currently managed by outside agents.
5. Flexible office hours and on-title manager's office for streamlined operations.
6. Multiple large storage areas to support efficient day-to-day management.
7. Strong net profit and remuneration/body corp salary.
8. Manager's apartment valued at $700,000 with 2 bedrooms, 2 bathrooms, and 1 car space.
9. Complex type is a resort/holiday with a total of 98 units, 27 in the letting pool, and 51 owner-occupied.
10. Long agreement term of 25 years with 22 years remaining.
Management Rights Multiplier: 5.31
ROI Estimate: 18.84%
