Surfers Paradise, Queensland
Caretaking and Letting Permanent Complex in a Prime Location!!
$740,000
Business Description
Caretaking and Letting Permanent Complex in a Prime Location!!
This dated complex is situated in Surfers Paradise which is a bustling coastal suburb located on the Gold Coast. Its iconic skyline and pristine beaches make it a highly sought-after destination for residents and tourists alike.
Ideally located only a short stroll to the heart on Surfers Paradise, Patrolled beaches, cafes, light rail & public transport, shops, restaurants and parks. Also situated within close proximity to both public and private primary and secondary schools, and offering residents and guests access to a range of parks, recreational facilities, and of course, the world-renowned beaches.
Some of the resort facilities on offer include, pool, spa, tennis court, BBQ, games room and secure parking.
On offer: as a start in the industry or as a bolt-on, with no need to live onsite, no fixed hours, no real estate to purchase, with abundant potential for the astute manager.
To arrange an inspection please call: Gavin
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
Business Summary
Business Snapshot
Price: $740,000
Net Profit: $143,000 Remuneration / Body Corp Salary: $117,800
Complex Information
Complex Type: PermanentTotal Units in Complex: 60Total Units in Letting Pool: 14Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesGym: YesTennis Court: YesBBQ Area: Yes
Key Investment Insights
1. Price $740,000, with reported net profit $143,000, indicating an asking multiple to be assessed by buyer.
2. Reported remuneration or body corporate salary $117,800, suggesting significant owner operator income potential relative to net profit.
3. Located in prime Surfers Paradise, short stroll to patrolled beaches, cafes, light rail, shops, restaurants and parks, enhancing rental appeal.
4. Complex described as dated, signalling potential upside through refurbishment, modernisation or repositioning.
5. Permanent complex of 60 total units, providing scale and economies of operation.
6. Letting pool comprises 14 units, indicating room to grow revenue by increasing pool participation.
7. Longstanding accommodation agreement originally 25 years, with 22 years remaining, offering contract stability for incoming purchaser.
8. Resort style facilities include pool, spa, gym, tennis court, BBQ area, games room and secure parking, supporting higher occupancy and guest satisfaction.
9. Opportunity presented as suitable for a start in the industry or as a bolt on, with no requirement to live onsite and no fixed hours, offering operational flexibility.
10. No real estate purchase required, reducing capital outlay and simplifying transaction structure for a buyer.
