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

Business Snapshot

Price: $870K MR + $850K Unit = Total $1.72M 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. At a 3.6 times multiplier, the management rights business reports a net profit of $241,243.
2. The $108,117 body corporate salary is reviewed annually to CPI under a long term Standard Module agreement.
3. A further five year option is available, supporting ongoing tenure and operational continuity.
4. The manager’s fully renovated two bedroom, two bathroom residence connects directly to a professional reception office.
5. The sale includes six storage spaces and two car spaces, providing useful onsite infrastructure.
6. Located 100 metres from the beach, the complex is within walking distance of Cavill Avenue and public transport.
7. Facilities include an outdoor pool, heated spa, gym, saunas, tennis court, games room and covered BBQ area.
8. Three bedroom apartments provide a distinctive offering within the precinct compared with most competing complexes.
9. The permanent complex contains 51 units, including 13 in the letting pool and 20 owner occupied units.
10. Strong lock up and resident owner numbers indicate scope for an active manager to grow the letting business.

Management Rights Multiplier: 3.61
ROI Estimate: 14.03%