Surfers Paradise, Queensland

Boutique Absolute Beachfront Performer with $470k Net Profit

$4,200,000

Business Description

Hotel Resort Sales is offering an outstanding opportunity to acquire a high-performing absolute beachfront resort management rights business, perfectly combining strong income with an enviable coastal lifestyle.

This well-established operation enjoys consistent bookings, solid occupancy levels, and a proven reputation for quality guest service, delivering reliable and attractive returns.

This boutique business is easily managed by a two-person team, however this is currently run by one single operator.

With a full twenty years on this twenty year agreement and the benefit of a supportive body corporate, this business currently generates a healthy net profit of $470k per annum. With over 50% of units in the holiday letting pool, there is also genuine upside potential to secure the additional 11 lock-up apartments back into the letting pool.

Guests are drawn to the resort’s appealing facilities, including a heated outdoor pool, BBQ area and direct access to the beach, enhancing its ongoing popularity and repeat visitation.

The package includes a spacious three-bedroom manager's residence with stunning ocean views from the main living areas and direct access to the beachfront gardens and beach. Complete with two bathrooms, a spa bath and air conditioning, it offers an enviable absolute beachfront lifestyle.

Offering the ultimate “work where others holiday” lifestyle, this is an ideal acquisition for both experienced operators and those seeking a rewarding sea change in a high-demand tourism location.

Contact Craig today to learn more about this exceptional beachfront opportunity.

Net Profit: $470,000

Property Code: 125

Business Summary

Business Snapshot

Price: $4,200,000 Net Profit: $470,000 Remuneration / Body Corp Salary: $122,342Business Value: $2,100,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $2,100,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 33Total Units in Letting Pool: 18Owner Occupy Units: 4Lockup Units: 11Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 20 yearsPool: YesBBQ Area: Yes

Marketing Agent

Craig Johnson

Hotel Resort Sales

Key Investment Insights

1. Absolute beachfront location, direct access to the beach and beachfront gardens, with ocean views from the manager’s main living areas.
2. Strong financial performance, generating $470,000 net profit per annum.
3. Sale price $4,200,000, comprising business value $2,100,000 and manager’s apartment value $2,100,000.
4. Manager’s residence included on title, three bedrooms, two bathrooms, spa bath, air conditioning, one car space, office on title and pets allowed.
5. Full 20-year accommodation agreement in place, with 20 years remaining, providing long-term operational security.
6. Supportive body corporate, with a body corp salary/remuneration of $122,342 and CPI annual review.
7. Boutique scale with a proven reputation for quality guest service, consistent bookings and solid occupancy levels.
8. Efficient operational model, easily managed by a two-person team and currently run by a single operator, indicating low labour intensity.
9. Immediate revenue base with 18 of 33 units in the holiday letting pool, representing just over 50% participation.
10. Clear upside potential to increase revenue by securing the additional 11 lock-up apartments into the letting pool.
11. Resort amenities that drive repeat visitation, including a heated outdoor pool and BBQ area.
12. Strong lifestyle appeal for owner-operators seeking a “work where others holiday” sea change in a high-demand tourism location.

Management Rights Multiplier: 4.47
ROI Estimate: 11.19%