Surfers Paradise, Queensland

Strong Performing Surfers Paradise Holiday Management Rights - Genuinely Priced to Sell

$1,940,000

Business Description

An outstanding opportunity presents to secure a long-established and highly profitable holiday management rights business in the heart of Surfers Paradise. Successfully operated by the current owner since 2014, this business delivers strong, consistent returns and genuinely priced to sell.

The manager’s residence stands out as one of the most competitively priced two-bedroom apartments of its kind on the Gold Coast, enhancing its appeal to both owner-operators and investors. This well-positioned ground floor 2-bedroom apartment is complete with air-conditioning, separate laundry, one car space and four large storage areas. The current owner operates the business with an onsite nominee in place, providing flexibility in management structure.

The business has been priced to sell with a multiplier under four to compensate for the new development currently under construction next door. This opportunity is for owners or investors to obtain a management rights business at an extremely competitive price in order to see capital gains over the long term.

This business benefits from a healthy 22-years remaining on the agreement, a strong reputation built over many years, and a supportive body corporate. The external gardening is handled quarterly by contractors, caretaking requirements remain minimal and efficient.

The well-maintained complex offers a range of fully self-contained 1, 2 and 3-bedroom apartments, all featuring air-conditioning and private balconies with ocean, river or hinterland views. Guests are drawn to the resort-style facilities including a swimming pool, spa, sauna, gym, BBQ area, refurbished tennis court and secure underground parking.

Positioned in one of the Gold Coast’s most iconic tourist precincts, the complex enjoys a prime central location just a short stroll to Cavill Avenue, patrolled beaches, light rail, and an endless selection of cafes, restaurants and shopping. This unbeatable position ensures year-round demand from holidaymakers.

More importantly, there is genuine opportunity to further increase income by bringing back approximately 18 units currently managed by outside agents, offering an immediate pathway to boost an already impressive net profit.

With solid systems already established and strong foundations in place, this is a turnkey opportunity in a blue-chip location. Call Craig today to discuss this fantastic management rights opportunity.

Net Profit: $314,698
Price: $1,940,000

Property Code: 117

Business Summary

Business Snapshot

Price: $1,940,000 Net Profit: $314,698 Business Value: $1,245,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $695,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: Exclusive Use

2 Bedroom, 1 Bathroom ground floor airconditioned, separate laundry

Complex Information

Complex Type: HolidayTotal Units in Complex: 73Total Units in Letting Pool: 20Owner Occupy Units: 32Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesSauna: YesGym: YesTennis Court: YesBBQ Area: Yes

Marketing Agent

Craig Johnson

Hotel Resort Sales

Key Investment Insights

1. Priced at $1,940,000 with a reported net profit of $314,698, indicating an EBITDA-style return for buyers.
2. Valuation uses a multiplier under four to reflect nearby new development, providing a competitively priced entry.
3. Manager’s residence included, ground floor two-bedroom apartment valued at $695,000, air-conditioned, separate laundry, one car space and four large storage areas.
4. Long-dated agreement security, 25 year agreement module with 22 years remaining, offering income stability for the medium term.
5. Immediate upside from recontracting approximately 18 units currently managed by outside agents, presenting a clear pathway to increase net income.
6. Low operational burden, minimal caretaking requirements with external gardening handled quarterly by contractors, supportive body corporate in place.
7. Well-established systems and turnkey operations, current owner operated since 2014 with an onsite nominee providing management flexibility.
8. Resort-style complex facilities including pool, spa, sauna, gym, refurbished tennis court, BBQ area and secure underground parking, enhancing guest appeal.
9. Complex composition: 73 total units, 20 in the letting pool, 32 owner-occupied units, two lockup units, reinforcing rental pool growth potential.
10. Prime Surfers Paradise location, short stroll to Cavill Avenue, patrolled beaches, light rail, cafes, restaurants and shopping, supporting year-round holiday demand.

Management Rights Multiplier: 3.96
ROI Estimate: 16.22%