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. Price listed at $1,200,000, described as well below market value in a prime coastal location.
2. Net profit reported around $205k–$207k annually, indicating strong current trading performance.
3. Body corporate salary/remuneration contributes a stable cash component, reported between $78,746 and $82,841, with CPI annual reviews.
4. Long-term management agreement in the accommodation module, 25 years originally with 22 years remaining, provides income security.
5. Letting pool currently 12 of 39 units, presenting clear upside to increase revenue by bringing more units into the pool.
6. 12 externally let/outside agent units plus 14 owner-occupy units suggest further conversion opportunities to grow the letting pool.
7. Manager’s apartment is renovated, on-title, 2 bed 2 bath 2 car with office and courtyard, valued at $790,000, enhancing the package and owner living convenience.
8. Low-maintenance 3-storey walk-up complex with resort-style amenities including pool, spa, BBQ area, Pay TV and WiFi, reducing operational workload.
9. Easily managed operation with low overheads, supporting streamlined day-to-day management and potential for margin improvement.
10. Prime location a short stroll to the beach and within easy walking distance to the light rail, while tucked away from the busy tourist strip, attractive to families and holidaymakers.
11. Business valuation metrics include a business value of $579,000 and managers’ unit value that materially contributes to the overall package, indicating asset-backed value.

Management Rights Multiplier: 1.98
ROI Estimate: 17.23%