Surfers Paradise, Queensland

Under Contract – Profitable Investment Opportunity - ID 8299

Under Contract / Offer

Business Description

Management Rights For Sale
Mixed Letting Opportunity

- 188 unit high rise complex

- 19 units in the letting pool (6 holiday & 13 permanent)

- 10 year Standard Module

- Current remuneration $242,288 + GST as of 1/3/26

- Growth potential by converting permanent lettings to short term

- No residence to purchase

- No requirement to live onsite

- Great location: easy access to beach, light rail, restaurants and shops

- Reception, office & storage on title

Iconic building in the heart of Surfers Paradise. Current manager's have committments elsewhere and have decided to sell. This business would suit either a first time or experienced operator.

Net Profit: $305,875
Asking Price: $1,425,000

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

Management Rights Brokers
Phil Trimble & Gerard Dixon

Property Code: 1071

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $305,875 Remuneration / Body Corp Salary: $242,288Business Value: $1,130,000

Managers Unit

Value of Managers Apartment: $295,000Office: On Title

No residence to purchase - office, reception & storage all on title (priced at $295,000)

Complex Information

Complex Type: MixedTotal Units in Complex: 188Total Units in Letting Pool: 19Owner Occupy Units: 54Outside Agent Units: 57Lockup Units: 58Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesSpa: YesTennis Court: YesBBQ Area: Yes

Marketing Agent

Phil Trimble

Gerard Dixon

MR Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Reported net profit of $305,875, with an asking price of $1,425,000.
2. Body corporate remuneration of $242,288 plus GST as of 1 March 2026.
3. Standard Module agreement with nine years remaining on a ten year term.
4. Mixed letting pool comprises six holiday units and 13 permanent units within a 188 unit high rise complex.
5. Identified growth potential through converting permanent lettings to short term accommodation.
6. No residence purchase or onsite living requirement, providing flexibility for the operator.
7. Reception, office and storage are on title, priced at $295,000.
8. Iconic building in central Surfers Paradise, with easy access to the beach, light rail, restaurants and shops.
9. Complex amenities include a pool, spa, tennis court and barbecue area.
10. Listing identifies the business as suitable for first time or experienced operators.
11. Currently under contract or offer.

Management Rights Multiplier: 3.69
ROI Estimate: 21.46%