Surfers Paradise, Queensland

SURFERS PARADISE MANAGEMENT RIGHTS FOR SALE – SOLID SALARY, LONG AGREEMENTS, PRIME LOCATION

$1,369,000

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: $206,800

- Body Corporate Salary: $78,746

- 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: $1,369,000 Net Profit: $206,801 Remuneration / Body Corp Salary: $78,746Body 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. Listed price $1,369,000 with reported net profit approximately $206,800, indicating a strong cashflow yield.
2. Body corporate salary $78,746, reviewed annually by CPI, providing a secure guaranteed income stream.
3. Long-term agreement security, 25-year original term with 22 years remaining, delivering long-dated management rights income.
4. Manager’s apartment on title valued at $790,000, renovated 2 bedroom, 2 bathroom unit with 2 car spaces and courtyard.
5. Prime coastal location, a short stroll to the beach and within easy walking distance to the light rail, while tucked away from the busy tourist strip.
6. Boutique 3-storey walk-up holiday complex of 39 units, offering resort-style amenities with low-maintenance gardens and minimal operational complexity.
7. Letting pool upside identified, 12 externally let units representing clear growth potential to increase letting revenue.
8. Existing amenity package includes pool, spa, BBQ area, Pay TV and WiFi, enhancing guest appeal and occupancy potential.
9. Low overheads and easily managed operations, supporting limited workload for incoming managers.
10. Significant owner-occupier presence, 14 owner-occupy units and 12 outside-agent units, indicating a mix of occupancy types that may influence letting strategy.
11. On-title office included, providing dedicated on-site management facilities and operational convenience.

Management Rights Multiplier: 2.80
ROI Estimate: 15.11%