Surfers Paradise, Queensland

Boutique Permanent with No Fixed Hours!!

$715,000

Business Description

Boutique Permanent with No Fixed Hours!!

Vendor Prepared to Sell Without the Rentals, meaning no license required!!

A small boutique and well-presented complex situated in the heart of the Gold Coast and in close proximity to an array of restaurants, HOTA, public transport and the famous Surfers Paradise beach. Images might not depict this complex.

Although a small complex, on offer is a serene and tranquil environment complemented with a pool, secure parking, low Body Corporate fees and no fixed working hours. Ideal for someone wanting to enter the industry, or someone who wants to add such a bolt-on to their portfolio.

The manager ground floor unit has been tastefully renovated. The unit comprises bedroom, bathroom with laundry, study cum office, open plan dining and living area leading out to a patio at the front with the abundant fragrance of flowers.

Also on offer - Huge storeroom and adjoining parking bay on title, salary increases annually by either CPI or 4% whichever is greatest.

To arrange an inspection please call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: $715,000 Net Profit: $59,900 Remuneration / Body Corp Salary: $53,000

Managers Unit

Value of Managers Apartment: $590,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: On Title

Complex Information

Complex Type: PermanentAgreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Vendor willing to sell without the rentals, meaning purchaser can acquire business without tenant contracts and no manager licence required.
2. Boutique, small and well-presented complex, positioned as a lower-scale, easy-to-manage operation.
3. Prime Gold Coast location in close proximity to restaurants, HOTA, public transport and Surfers Paradise beach, enhancing guest and occupancy appeal.
4. Serene and tranquil environment within the complex, offering a differentiator from busier accommodation options.
5. On-site pool and secure parking, adding amenity value for guests and owners.
6. Low Body Corporate fees, supporting lower ongoing overheads.
7. No fixed working hours for the business model, offering flexible operator lifestyle and lower staffing constraints.
8. Manager’s ground-floor unit recently and tastefully renovated, comprising bedroom, bathroom with laundry, study/office, open-plan dining and living area, and front patio.
9. Patio with abundant floral fragrance, providing enhanced guest experience and curb appeal.
10. Huge storeroom and adjoining parking bay on title, delivering valuable storage and dedicated vehicle space.
11. Manager salary increases annually by CPI or 4% whichever is greater, providing predictable wage escalation terms.
12. Positioned as suitable for first-time industry entrants or as a bolt-on acquisition to an existing portfolio, indicating ease of integration and scalability.

Management Rights Multiplier: 2.09
ROI Estimate: 8.38%