Surfers Paradise, Queensland

Low Multiplier and a great Gold Coast Location

$870K MR + $850K Unit = Total $1.860M

Business Description

Right in the heart of Surfers Paradise, just 100 metres from the beach, this is a well-established management rights opportunity in one of the Gold Coast's most sought-after locations and one of the few complexes in the precinct offering three-bedroom apartments, giving it a market edge that most competitors simply can't match.
Positioned on the fringes of central Surfers Paradise, the property enjoys immediate access to patrolled beach, with Cavill Avenue five minutes on foot and tram and bus connections to Broadbeach right at the door. It's the sweet spot, close enough to everything, without the late-night noise of the strip.

For an incoming manager, the lifestyle credentials are hard to beat. The manager's residence is a fully renovated two-bedroom, two-bathroom apartment with direct internal access to a professional reception office, one of the better manager setups you'll encounter anywhere on the Gold Coast. Six storage spaces and a car park are included.
Facilities are exceptional, an outdoor pool, heated spa, gym, male and female saunas, tennis court, games room and a large covered BBQ area, all well maintained and presenting well above the building's age.

The body corporate salary is reviewed annually to CPI on a long-term Standard Module agreement, with a further five-year option available.
With strong lock-up and resident owner numbers throughout the building, there is genuine scope for an active manager to grow the business from day one.

Business Summary

Business Snapshot

Price: $870K MR + $850K Unit = Total $1.860M Net Profit: $241,243 Remuneration / Body Corp Salary: $108,117

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 2Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 51Total Units in Letting Pool: 13Owner Occupy Units: 20Outside Agent Units: 9Lockup Units: 9Agreement Term: 10 yearsAgreement Term Remaining: 10 years

Marketing Agent

Paul Mueller

0439 25....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Prime Surfers Paradise location, 100 metres from patrolled beach, five minutes’ walk to Cavill Avenue, tram and bus connections at the door.
2. Low multiplier entry noted by vendor, total price $1.86M comprising $870K management rights and $850K manager’s unit.
3. Strong reported net profit $241,243, with annual body corporate salary/remuneration of $108,117.
4. Body corporate salary indexed to CPI annually under a long-term Standard Module agreement, with a further five-year option.
5. Secure contractual term, 10-year agreement in place with the full 10 years remaining.
6. Manager’s residence fully renovated, two bedrooms and two bathrooms, internal access to professional reception, two car spaces and six storage spaces included.
7. Complex offers a market edge by being one of the few in the precinct with three-bedroom apartments, supporting higher demand and yield potential.
8. Well-maintained, above-age facilities including outdoor pool, heated spa, gym, male and female saunas, tennis court, games room and large covered BBQ area, enhancing guest appeal.
9. Complex size and mix: 51 total units, 13 in the letting pool, 20 owner-occupied, nine outside-agent managed and nine lock-up units, indicating solid owner/resident presence.
10. High owner-occupier and lock-up levels create immediate scope for active management to grow letting pool and revenue from day one.
11. Lifestyle credentials and quieter precinct position, close to amenities but away from late-night strip noise, increase long-term tenant and owner desirability.

Management Rights Multiplier: 3.61
ROI Estimate: 14.03%