Surfers Paradise, Queensland
Surfers Paradise Holiday Management Rights Premium Gold Coast Opportunity
$3,650,000
Business Description
An outstanding opportunity presents to secure management rights within one of the Gold Coast’s most tightly held and desirable locations.
Perfectly positioned in the heart of Surfers Paradise, this well-established complex is just a short stroll from the famous Surfers Paradise Beach, Cavill Avenue, an array of restaurants, cafes, shopping and entertainment options. With the G: Link light rail network also close by, guests enjoy effortless access along the Gold Coast’s coastal corridor, making it easy to experience everything this iconic destination has to offer.
This long established management rights business offers an attractive combination of strong body corporate remuneration and letting income, providing the incoming owners with the benefits of an established operation, together with the opportunity to further build and strengthen the business.
With a body corporate salary of over $139k per annum and a further increase scheduled for November, together with 31 apartments currently in the letting pool, the business delivers an appealing income stream, culminating in a substantial net profit of over $535k.
The letting pool comprises of a mix of one, two and three bedroom self-contained apartments, catering to a broad range of holidaymakers. Guests enjoy the resort-style facilities, including a heated outdoor swimming pool, children’s wading pool, spa, sauna, games room, undercover BBQ areas and secure undercover guest parking.
The manager’s residence provides the ideal opportunity to live where you work, featuring a well-priced ground-floor two-bedroom, two-bathroom air-conditioned unit with its own private courtyard.
The current owners are entering their tenth year of operation and are now ready to move on, presenting an exciting opportunity for new owners to take the reins of this established Surfers Paradise management rights business.
KEY FEATURES:
* Prime Surfers Paradise location – positioned in the heart of one of the Gold Coast’s most tightly held and desirable locations
* Short stroll to Surfers Paradise Beach & Cavill Avenue – surrounded by restaurants, cafes, shopping and entertainment
* G: Link light rail nearby – convenient access along the Gold Coast’s coastal corridor
* Established management rights business with a proven operating history
* Body corporate salary exceeding $139,000 per annum
* Increase to body corporate remuneration scheduled for November
* 31 apartments in the letting pool – mix of 1, 2 and 3 bedroom self contained apartments
* Excellent resort-style facilities including heated outdoor pool, children’s wading pool, spa, sauna and games room, undercover BBQ areas and secure undercover guest parking
* Two-bedroom, two-bathroom manager’s residence, with private courtyard
* Opportunity to further grow and strengthen an established business
Opportunities to secure management rights in tightly held Gold Coast locations such as Surfers Paradise are highly sought after, call Craig today to find out more.
Net Profit: $535,280
Property Code: 140
Business Summary
Business Snapshot
Price: $3,650,000
Net Profit: $535,280 Remuneration / Body Corp Salary: $139,039Business Value: $2,800,000Body corp salary review: CPI Annually
Managers Unit
Value of Managers Apartment: $850,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: YesComplex Information
Complex Type: HolidayTotal Units in Complex: 73Total Units in Letting Pool: 31Owner Occupy Units: 26Outside Agent Units: 7Lockup Units: 8Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesSpa: YesSauna: YesGym: YesGames Room: YesBBQ Area: Yes
Key Investment Insights
AI generated. Confirm details with the seller.
1. Net profit exceeding $535,000, supported by body corporate remuneration of $139,039 and letting income from 31 apartments.
2. Body corporate remuneration is scheduled for a November increase and reviewed annually according to CPI.
3. Established operation with the current owners entering their tenth year, providing continuity for incoming owners.
4. Prime Surfers Paradise position near the beach, Cavill Avenue, dining, shopping, entertainment and the G: Link light rail.
5. Letting pool includes 31 self contained one, two and three bedroom apartments catering to varied holiday accommodation needs.
6. Resort facilities include heated pool, children’s pool, spa, sauna, gym, games room, barbecues and secure undercover parking.
7. Two bedroom, two bathroom manager’s residence includes air conditioning, private courtyard and one car space, enabling onsite living.
8. Accommodation agreement has 18 years remaining, supporting longer term operational continuity.
Management Rights Multiplier: 5.23
ROI Estimate: 14.67%
