Surfers Paradise, Queensland

Premium Holiday Management Rights Opportunity - Over $650K Net

$5,100,000

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: $5,100,000 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

Key Insights:

1. High-performing management rights business in a popular holiday destination on the Gold Coast.
2. Mix of one and two-bedroom fully self-contained apartments, with 45 in the letting pool (23 holiday and 22 permanent).
3. Impressive net profit of over $650k, with an allocation of over $60k for staffing levels.
4. Substantial body corporate salary of over $348k and long-term security with 23 years remaining on a 25-year agreement.
5. Proactive and cooperative Body Corporate, with efficient systems in place for a smooth handover.
6. Includes a 2-bedroom, 2-bathroom managers apartment with a separate spacious office on title.
7. Premium resort facilities including indoor and outdoor pools, spas, gym, sauna, BBQ and entertainment areas, and a rooftop BBQ area.
8. Rare opportunity with high demand and limited availability.
9. Manager's unit valued at $1.2 million and pets are allowed.
10. Complex type is holiday with a total of 144 units, 45 in the letting pool, and 77 owner-occupied units.
11. Agreement module is accommodation with a term of 25 years and 23 years remaining.
12. On-site amenities include a pool, indoor pool, spa, gym, and BBQ area.

Management Rights Multiplier: 5.98
ROI Estimate: 16.71%