Surfers Paradise, Queensland

Mixed Letting - Surfers Paradise - ID 8299

$1,425,000

Business Description

Management Rights For Sale
Supervisory Caretaking Duties

- 188 unit high rise complex

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

- 10 year Standard Module

- 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: $293,901
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: $1,425,000 Net Profit: $293,901 Remuneration / Body Corp Salary: $230,254

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

1. Mixed letting management rights with supervisory caretaking duties, combining letting and caretaking income streams.
2. 188 unit high rise complex, providing scale and stable revenue base.
3. 19 units in the letting pool, comprising 6 holiday and 13 permanent lettings.
4. 10 year Standard Module agreement, offering long-term contract stability.
5. Clear growth potential by converting permanent lettings to short-term holiday lettings.
6. No residence to purchase and no requirement to live onsite, enabling remote ownership or flexible living arrangements.
7. Reception, office and storage are on title, securing physical premises for operations.
8. Iconic building in the heart of Surfers Paradise, enhancing market appeal and brand recognition.
9. Prime location with easy access to the beach, light rail, restaurants and shops, supporting strong occupancy and guest demand.
10. Net profit of $293,901, indicating current profitability.
11. Asking price $1,425,000, allowing calculation of return metrics and valuation comparisons.
12. Current managers selling due to other commitments, business suitable for first-time or experienced operators.

Management Rights Multiplier: 3.84
ROI Estimate: 26.01%