Surfers Paradise, Queensland

WELL BELOW MARKET VALUE IN PRIME LOCATION

$1,200,000

Business Description

An exceptional opportunity to secure a solid performing management rights offering the perfect combination of strong income, long agreements and growth potential.

Ideally positioned just a short stroll to the beach and within easy walking distance to the light rail, this boutique complex delivers the best of coastal living while remaining tucked away from the busy tourist strip, making it highly attractive to both holidaymakers and families.

This well-maintained 3-storey walk-up complex features low-maintenance gardens and resort-style amenities, ensuring ease of operation and minimal workload for incoming managers.

Business Highlights:

- Net Profit: $204,652

- Body Corporate Salary: $82,841

- Module: Accommodation

- Term Remaining: 22 years

- Letting Pool Upside: 12 externally let units providing strong growth potential

- Easily Managed Complex with low overheads

- Beautifully renovated manager's unit

This business offers a secure and consistent income stream, underpinned by a solid salary and proven letting performance, with clear opportunity to increase revenue by growing the letting pool.

Property Code: 1375

Business Summary

Business Snapshot

Price: $1,200,000 Net Profit: $206,801 Remuneration / Body Corp Salary: $78,746Business Value: $579,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $790,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Renovated 2 bed, 2 bath, 2 car space and courtyard

Complex Information

Complex Type: HolidayTotal Units in Complex: 39Total Units in Letting Pool: 12Owner Occupy Units: 14Outside Agent Units: 12Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Sam Saunders

Premier Business Sales

Key Investment Insights

1. Asking price $1,200,000, marketed as well below market value in a prime coastal location.
2. Strong net profit around $205k–$207k based on provided figures.
3. Body corporate remuneration approximately $79k–$83k, reviewed annually by CPI.
4. Manager’s apartment included, renovated 2 bed 2 bath with 2 car spaces, office on title, pets allowed, market value listed at $790,000.
5. Business value stated at $579,000, indicating separation of business and apartment valuations.
6. Long-term agreement structure, 25-year term with 22 years remaining, providing income stability.
7. Letting pool upside from 12 externally let units within a 39-unit holiday complex, clear opportunity to grow revenue by increasing the letting pool.
8. Prime walkable location, short stroll to the beach and close to the light rail, tucked away from the busy tourist strip appealing to holidaymakers and families.
9. Resort-style amenities including pool, spa, BBQ area, Pay TV and WiFi, enhancing guest appeal and letting potential.
10. Easily managed 3-storey walk-up complex with low-maintenance gardens, low overheads and an already renovated manager’s unit, reducing operational workload for incoming managers.

Management Rights Multiplier: 1.98
ROI Estimate: 17.23%