Surfers Paradise, Queensland

High-Income Mixed Management Rights with Up to $270K Net Profit for Sale in Surfers Paradise - ID 9204

$1,450,000

Business Description

Mixed Letting Management Rights For Sale
Total Asking Price $1,450,000

- No requirement to live onsite - required to be contactable

- The 1 bed, 1 bath manager's residence could be rented out for an additional $30,000 p.a

- Mixed letting complex with a total of 13 in the letting pool (10 holiday and 3 permanent)

- Low multiplier of 3.76

- No set office hours equates to a reduced workload

- Body Corporate salary of $65,818 + GST with CPI increase

- High net profit of $239,056 with very strong holiday bookings

- 25 year Accommodation Module agreements with 20 years left to run

- Exclusive reception area with plenty of storage space

Conveniently located in the centre of Surfers Paradise, close to everything which ensures strong bookings. Stable rental pool with majority of one bedroom units.

Net Profit: $239,056
Asking Price: $1,450,000
(Inclusive of Manager's Real Estate)

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

Management Rights Broker
Bill He

Property Code: 1038

Business Summary

Business Snapshot

Price: $1,450,000 Net Profit: $239,056 Remuneration / Body Corp Salary: $65,818

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: On Title

1 bedroom, 1 bathroom, single car space, add to the letting pool to earn approximately $30,000 additional income per year

Complex Information

Complex Type: MixedPool: YesBBQ Area: Yes

Marketing Agent

Bill He

MR Sales

Key Investment Insights

1. Asking price $1,450,000 for a management rights business, inclusive of the manager’s real estate.
2. High reported net profit $239,056, indicating strong cash returns.
3. Low multiplier of 3.76, suggesting attractive valuation relative to earnings.
4. Manager’s 1 bedroom apartment valued at $550,000 is included, with potential to add approximately $30,000 p.a. by placing it in the letting pool.
5. Mixed letting pool of 13 units, comprising 10 holiday and 3 permanent, supporting diversified income streams.
6. Strong holiday bookings and a stable rental pool, underpinned by a majority of one bedroom units suited to short-stay demand.
7. Body Corporate salary $65,818 plus GST with CPI increases, providing indexed recurring remuneration.
8. 25 year Accommodation Module agreements with 20 years remaining, delivering long-term contractual security.
9. No requirement to live onsite provided manager is contactable, giving operational flexibility.
10. Central Surfers Paradise location, close to amenities, plus on-site features such as a pool, BBQ area, and an exclusive reception with ample storage, enhancing appeal to guests and owners.

Management Rights Multiplier: 3.76
ROI Estimate: 26.56%