Surfers Paradise, Queensland

Rare Surfers Paradise Holiday Management Rights - 2 Multiplier on Business with Strong Upside

$1,200,000

Business Description

An outstanding opportunity to acquire a boutique holiday management rights business in the heart of Surfers Paradise, offering a rare and highly attractive 2 multiplier on a net profit exceeding $204k.

Positioned within a well-maintained three-storey walk-up complex, this business combines strong existing income with significant potential for future growth. The complex enjoys a peaceful location while remaining within easy walking distance of the beach, light rail, shopping, dining and major Gold Coast attractions.

Significant Growth Potential - One of the key attractions of this opportunity is the ability to substantially increase income by expanding the onsite letting pool. Fifteen units are currently managed by external agents, presenting a clear pathway for a proactive operator to increase revenue and profitability over time.

With a current Body Corporate salary of $82,841 plus GST, increasing annually in line with CPI, and management agreements secured for 22 years, the business offers both security and long-term income stability.

The manager's residence is the only two-bedroom, two-bathroom apartment within the complex. It features a bonus of two car spaces, plus a separate spacious attached office, private backyard, providing both comfort and practicality.

Business Highlights:

* Net Profit: $204,652
* Business Multiplier: 2
* Body Corporate Salary: $82,841 + GST
* Annual CPI Increases
* 22 Years Remaining on Agreements
* Strong Letting Pool Growth Potential
* Easily Managed Boutique Complex
* Low-Maintenance Operation

The Complex - This attractive holiday complex features predominantly one-bedroom apartments, making it popular with holidaymakers and easy to manage from a letting perspective. The low-maintenance gardens and resort-style facilities contribute to a streamlined operation with minimal workload.

Net Profit: $204,652

Property Code: 127

Business Summary

Business Snapshot

Price: $1,200,000 Net Profit: $204,652 Remuneration / Body Corp Salary: $82,841Business Value: $410,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $790,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 39Total Units in Letting Pool: 12Owner Occupy Units: 12Outside Agent Units: 15Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesBBQ Area: Yes

Marketing Agent

Craig Johnson

Hotel Resort Sales

Key Investment Insights

1. 2 multiplier on net profit of $204,652, demonstrating a clear business valuation component of $410,000 relative to profitability.
2. Total asking price $1,200,000 appears to combine business value $410,000 and managers apartment value $790,000, offering a bundled sale.
3. Long-term security with accommodation management agreements originally 25 years, 22 years remaining, providing predictable tenure.
4. Body Corporate salary $82,841 plus GST, indexed to CPI annually, delivering recurring remuneration with inflation protection.
5. Significant upside via letting pool expansion, 15 units currently with outside agents represent immediate revenue capture opportunities.
6. Current letting pool manages 12 of 39 units, indicating substantial room to grow market share within the complex.
7. Boutique, low-maintenance three-storey walk-up complex with predominantly one-bedroom apartments, simplifying operations and turnover management.
8. Resort-style facilities including pool, spa and BBQ area, enhancing guest appeal and supporting higher occupancy and rates.
9. Manager’s residence is the sole two-bedroom, two-bath apartment, includes two car spaces, separate office on title and private backyard, adding personal and operational value.
10. Prime Surfers Paradise location, quiet setting yet within easy walking distance to the beach, light rail, shopping, dining and major Gold Coast attractions, supporting strong demand.

Management Rights Multiplier: 2.00
ROI Estimate: 17.05%