Surfers Paradise, Queensland

MANAGEMENT RIGHTS - SURFERS PARADISE - PRICED TO SELL

$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

AI generated. Confirm details with the seller.

1. Reported net profit exceeds $204,000, with body corporate remuneration reported between $78,746 and $82,841.
2. The agreement has 22 years remaining under the Accommodation module, supporting long term operational continuity.
3. Twelve externally managed units represent identified letting pool growth potential within the 39 unit complex.
4. The complex is easily managed, with low overheads, low maintenance gardens and resort style amenities.
5. The renovated manager’s residence provides two bedrooms, two bathrooms, two car spaces and a courtyard.
6. Facilities include a pool, spa, barbecue area, pay television and WiFi, supporting holiday accommodation appeal.
7. The property is a short stroll from the beach and within easy walking distance of the light rail.
8. Its position combines coastal lifestyle appeal with separation from the busy tourist strip.
9. The complex includes an office on title and permits pets, adding practical convenience for incoming managers.
10. The business includes a 25 year agreement term, with the body corporate salary reviewed annually by CPI.

Management Rights Multiplier: 1.98
ROI Estimate: 17.23%