Surfers Paradise, Queensland

Sold & Settled

SOLD

Business Description

- Net Profit: $100,987.

- Simple caretaking duties with minimal workload.

- Mixed apartments with a letting pool of 6 (4 permanent, 2 holiday).

- Significant potential for future income growth.

- 25 year long term agreement with 17 years remaining.

- Stable Body Corporate salary of $61,870 plus GST, with annual CPI increases.

- Located in one of Surfers Paradise’s most sought-after holiday destinations, delivering strong year-round occupancy.

- Extremely low multiplier of only 1.53.

- Quality manager’s residence featuring 2 bedrooms, 2 bathrooms, 1 secure car space, and air-conditioning.

- Exclusive-use professional reception area.

- Peaceful and highly convenient location—just a one-minute walk to the iconic Surfers Paradise beach and close to all amenities.

Enjoy the lifestyle of coastal living while earning a strong, reliable income.

Net Profit: $100,987
Asking Price: $980,000
(Inclusive of Manager's Real Estate)

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

Management Rights Broker
Bill He

Property Code: 1057

Business Summary

Complex Information

Marketing Agent

Bill He

MR Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Net profit $100,987, asking price $980,000, implying a low multiplier of 1.53.
2. 25-year long-term agreement in place, with 17 years remaining, providing contract stability.
3. Stable Body Corporate salary $61,870 plus GST, indexed with annual CPI increases.
4. Simple caretaking duties with minimal workload, indicating low day-to-day operational complexity.
5. Mixed letting pool of six units, comprising four permanent and two holiday tenancies, offering revenue diversification.
6. Significant potential for future income growth cited, suggesting upside beyond current earnings.
7. Quality manager’s residence included, with two bedrooms, two bathrooms, one secure car space, and air-conditioning, supporting on-site management.
8. Exclusive-use professional reception area enhances service offering and guest check-in efficiency.
9. Prime location in Surfers Paradise holiday precinct, one-minute walk to the beach, close to amenities, supporting strong year-round occupancy.
10. Sold and settled listing; transaction completed, with Management Rights included in the sale.