Surfers Paradise, Queensland

Low 3.6X Multiplier and a great Gold Coast Location

$870K MR + $850K Unit = Total $1.72M

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