Surfers Paradise, Queensland

Short Term Gem, An Absolute Stunner - ID 7838

$4,200,000

Business Description

Holiday Management Rights For Sale
Absolute Beachfront

- Lucrative Letting Pool: 18 of the 33 total lots are currently in the holiday letting pool.
- Strong Body Corporate Salary: Earn a base remuneration of over $122,000 (inclusive of GST).
- Supportive Committee: The complex features a proactive and approachable Body Corporate and committee.
- Efficient Operations: Uses the Resly property management system.
- Long-Term Security: Agreements have 20 years remaining.
- Manager’s Residence: Impressive, air-conditioned 3-bedroom, 2-bathroom ground-floor apartment with absolute beach and ocean views.
- Office & Reception: Dedicated office and reception area are on title and detached from the residence.
- Business Performance: Estimated net profit of $470,000 with a return on investment of over 11%.
- Lifestyle & Location: Iconic high-rise complex with direct beach access via a private, secure gate.
- Long standing managers wish to consolidate and move to their next business adventure.
- Premium Beachfront Appeal: Absolute beachfront location and resort facilities to attract consistent holiday guests.
- Tourist Destination: Provides guests quick access to the Pacific Fair Shopping Centre, casino, and major festivals.
- Revenue Opportunities: There is the potential to earn additional income through tour desk services and providing further services to owners and guests.
- Stable Business Model: This offering provides a unique blend of a highly stable business model in a sought-after area and a premium coastal lifestyle.

This is an exceptional opportunity. Holiday management rights are often viewed as an attractive income stream for those seeking both lifestyle and business opportunities. Because this business is priced based on a multiplier of its verified net profit, your operational management, such as enhancing the letting pool or optimising maintenance, is key to the business's ongoing success and potential value.

Net Profit: $470,000
Asking Price: $4,200,000
(Inclusive of Manager's Real Estate)

For further information or to arrange for an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Broker
Michael Philpott

Property Code: 1171

Business Summary

Business Snapshot

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

Managers Unit

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

The Manager’s Apartment is located on the elevated ground floor. It consists of 3 bedroom, 2.5 bathrooms (with spa) and is complimented by a large balcony providing absolute beach and ocean views. There is one allocated parking space plus a large storage cage. The managers office and reception are detached from the managers apartment and are on title. The residence also offers direct access to the beach via a private, secure gate.

Complex Information

Complex Type: HolidayTotal Units in Letting Pool: 18Owner Occupy Units: 3Lockup Units: 11Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 20 yearsPool: YesBBQ Area: Yes

Marketing Agent

Michael Philpott

MR Sales

Key Investment Insights

1. Net profit $470,000, asking price $4,200,000, implying a business value derived from a multiplier of verified net profit.
2. Return on investment quoted at over 11%, indicating attractive cashflow for buyers.
3. Strong Body Corporate salary of approximately $122,342 inclusive of GST, providing reliable base remuneration.
4. Manager’s residence valued at $2,100,000 is included, an air conditioned 3 bedroom, 2.5 bathroom ground floor apartment with absolute beach and ocean views and direct beach access via a private secure gate.
5. Managers office and reception are on title and detached from the residence, supporting separate operational space and potential client accessibility.
6. 18 of 33 lots currently in the holiday letting pool, offering scope to grow lettings and revenue by increasing pool participation.
7. Long security period with 20 years remaining on the accommodation agreements, reducing short term contract risk.
8. Resort style, absolute beachfront location within an iconic high rise, likely to attract consistent holiday guests and premium nightly rates.
9. Proximity to major tourist draws including Pacific Fair Shopping Centre, casino, and festivals, supporting occupancy and ancillary spend.
10. Efficient operations supported by the Resly property management system, enabling streamlined reservations and management workflows.
11. Supportive, proactive Body Corporate and committee, easing on-site governance and owner relations.
12. Clear upside opportunities through additional services such as a tour desk and expanded owner or guest services, noted as potential revenue enhancers.

Management Rights Multiplier: 4.47
ROI Estimate: 11.19%