Surfers Paradise, Queensland

Profitable Investment Opportunity - ID 8299

$1,425,000

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: $1,425,000 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 against an asking price of $1,425,000.
2. Body corporate remuneration of $242,288 plus GST as of 1 March 2026.
3. Mixed letting pool comprises 19 units, including six holiday lettings and 13 permanent lettings.
4. Nine years remain on the 10 year Standard Module agreement.
5. No residence purchase or onsite living requirement.
6. Reception, office and storage are on title, priced at $295,000 within the total asking price.
7. Iconic 188 unit high rise complex in the heart of Surfers Paradise.
8. Easy access to the beach, light rail, restaurants and shops.
9. Complex amenities include a pool, spa, tennis court and barbecue area.
10. Identified growth potential through converting permanent lettings to short term accommodation.
11. Listing identifies suitability for both first time and experienced operators.

Management Rights Multiplier: 3.69
ROI Estimate: 21.46%