Surfers Paradise, Queensland

MANAGEMENT RIGHTS FOR SALE SURFERS PARADISE - AWARD WINNING COMPLEX

Under Contract / Offer

Business Description

Prestigious Management Rights business for sale with dazzling panoramic views over the Pacific Ocean, Nerang River and Gold Coast Hinterland.

The fabulous managers apartment is North facing with a fully renovated open plan kitchen which is adjacent to dining and lounge areas.

The building is ideally located with easy access to the many attractions of both Surfers Paradise and Broadbeach. This fantastic holiday management rights complex is ideal for first time owner operators where you will be inheriting well established processes and operations that make this business a proven success.

- Comfortable two bedroom managers residence.

- Secure underground car parking for 2 vehicles.

- Gym and Sauna

- River Access with private boat launch.

- Supportive and proactive body corporate.

- New light rail on your doorstep

- Generous Body Corporate Salary

- Net Profit - $205,000* Approx

Call now to book an inspection.

Property Code: 372

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $205,000 Remuneration / Body Corp Salary: $118,000Business Value: $800,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 2Bathrooms: 1Car Spaces: 2Office: Exclusive UsePets OK: Yes

2 Bedroom, 1 Bathroom Ground Floor + 2 Courtyards 2 Car Parks Marina Berth ($25pw)

Complex Information

Complex Type: MixedTotal Units in Complex: 63Total Units in Letting Pool: 13Owner Occupy Units: 48Outside Agent Units: 3Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: YesWIFI: YesMarina Berth: Yes

Marketing Agent

Sam Saunders

Premier Business Sales

Key Investment Insights

1. Prestigious Surfers Paradise location with panoramic Pacific Ocean, Nerang River and Gold Coast Hinterland views, high tourist appeal for holiday letting.
2. Renovated north facing two bedroom managers apartment, open plan kitchen adjacent to dining and lounge areas, managers unit value listed at $850,000.
3. Managers residence includes two car parks, exclusive use office, two courtyards, pet friendly and marina berth available at $25 per week.
4. Strong recurring earnings profile, reported net profit approximately $205,000 and body corporate salary/remuneration $118,000, salary CPI reviewed annually.
5. Established management agreement, standard module with a 10 year term and approximately nine years remaining, providing income security.
6. Complex amenities support holiday market and occupant experience, including pool, spa, sauna, gym, BBQ area and onsite WiFi.
7. River access with private boat launch and onsite marina berth, enhancing appeal to boating and watercraft guests.
8. Secure underground parking for two vehicles, enhancing convenience for managers and guests.
9. Mixed complex of 63 units with only 13 in the letting pool and 48 owner-occupied units, indicating potential to expand letting pool revenue.
10. Supportive and proactive body corporate and immediate access to new light rail, improving management relationships and guest transport connectivity.

Management Rights Multiplier: 3.90
ROI Estimate: 12.42%