Surfers Paradise, Queensland

Premium Holiday Management Rights Opportunity - Over $650K Net

Under Contract / Offer

Business Description

Hotel Resort Sales exclusively presents a chance to secure a high-performing management rights business in one of the Gold Coast’s most iconic holiday management rights buildings.

The complex features a mix of one and two-bedroom fully self-contained apartments, with 45 in the letting pool (23 holiday and 22 permanent). This business delivers impressive returns, boasting a net profit of over $650k.

An allocation of over $60k has been factored into the figures to provide the incoming management team with flexibility to enhance staffing levels, such as front office or maintenance personnel.

Included is a substantial body corporate salary of over $348k and excellent long-term security, with 23 years remaining on a 25-year agreement. In addition to this, weekly garden maintenance is also funded by the body corporate.

Supported by a proactive and cooperative Body Corporate, the current managers have implemented efficient systems, ensuring a smooth and seamless handover for incoming operators.

Also included in this sale is a 2-bedroom, 2-bathroom managers apartment with a separate spacious office on title.

Guests enjoy premium resort facilities including:

· Indoor and Outdoor Pools
· Two Spas, Gym, Sauna BBQ & Entertainment areas
· Rooftop BBQ area

This management rights ticks all the boxes, opportunities of this calibre are rarely available. Call Craig to find out more.

Net Profit: $651,659

Property Code: 83

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $651,659 Remuneration / Body Corp Salary: $348,496Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,200,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

2 Bedroom, 2 Bathroom, 1 Car Spare + Spacious separate office on title

Complex Information

Complex Type: HolidayTotal Units in Complex: 144Total Units in Letting Pool: 45Owner Occupy Units: 77Outside Agent Units: 20Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesIndoor Pool: YesSpa: YesGym: YesBBQ Area: Yes

Marketing Agent

Craig Johnson

Hotel Resort Sales

Key Investment Insights

1. Net profit of $651,659, indicating high profitability for the management rights business.
2. Substantial body corporate salary of $348,496 included, providing significant guaranteed remuneration.
3. Long-term security with 23 years remaining on a 25-year agreement.
4. Managers apartment included, valued at $1,200,000, comprising 2 bedrooms, 2 bathrooms, 1 car space and a spacious separate office on title.
5. Managers apartment is pet friendly, enhancing live-in flexibility.
6. Letting pool of 45 units within a 144-unit complex, split 23 holiday and 22 permanent, offering mixed revenue streams.
7. $60,000 allowance built into figures for additional staffing or operational enhancements, enabling growth or improved service levels.
8. Body corporate funds weekly garden maintenance, reducing operating costs and management responsibilities.
9. CPI annual review for the body corporate salary, providing indexed income protection.
10. Supported by a proactive, cooperative Body Corporate and existing efficient systems, facilitating a smooth handover.
11. Premium resort facilities including indoor and outdoor pools, two spas, gym, sauna, multiple BBQ and entertainment areas, and a rooftop BBQ, enhancing guest appeal and lettability.
12. Business listed as under contract / offer, signalling current market demand and limited availability.

Management Rights Multiplier: 5.98
ROI Estimate: 12.78%