Surfers Paradise, Queensland

Surfers Paradise Mixed Management Rights - $108,117 Body Corporate Salary | Resort Brokers ID : MR009135

$1,860,000

Business Description

Genesis Apartments delivers a compelling management rights opportunity in the heart of Surfers Paradise, combining strong body corporate remuneration of $108,117 with a 13-unit letting pool generating net profit of $241,243. This 51-lot, 16-storey complex operates under a fresh 10-year caretaking agreement commencing 2026, providing long-term security and CPI-linked salary increases. The business suits first-time operators seeking a manageable entry point or experienced managers wanting a straightforward add-on operation with minimal hands-on requirements.

The resort-style complex features two outdoor swimming pools (one heated), heated spa, male and female saunas, gymnasium, games room, tennis courts and covered barbecue areas. Light caretaking duties and minimal garden maintenance create an achievable workload, while month-to-month letting agreements provide operational flexibility. The package includes a large two-bedroom, two-bathroom manager's unit with two toilets and one car space for $850,000.

Located within walking distance to Surfers Paradise beach and local attractions, this business offers balanced income streams from both caretaking and letting operations, with nine outside agent appointments presenting immediate growth potential.

Priced at $1,860,000 total ($1,010,000 business, $850,000 unit) for a 13% return.

Prime Surfers Paradise location within walking distance to the beach and local attractions.
Resort-style facilities including two swimming pools (one heated), heated spa, saunas, tennis court, gymnasium and games room.
Mixed letting model combining caretaking and letting income streams for diversified revenue.
16-storey apartment building with 51 lots and established resident owner base.
Minimal garden maintenance requirements reduce operational workload.
Ideal for first-time operators or as a manageable add-on business for experienced managers.
Inspections by appointment only.
Date updated: 10 May 2026 23:00:08

Business Summary