Surfers Paradise, Queensland

Blue Chip Management Rights with the Ocean at Your Doorstep

$1.7M MR & $1.6M UNIT = Total $3.3M

Business Description

The Penthouses presents a genuine blue chip opportunity to acquire an established management rights business in an irreplaceable absolute beachfront position in Surfers Paradise. With the sand and ocean literally on the doorstep, the property enjoys uninterrupted beachfront positioning with no scope for future development to build out the ocean outlook.

The business generates net operating profit exceeding $410,000, representing an attractive return on investment of approximately 12.5%. Income is underpinned by 18 holiday letting appointments, delivering consistent short stay revenue supported by strong OTA ratings and year round demand. A Body Corporate salary of $109,369 provides an additional reliable income stream.

The spacious three bedroom manager’s residence enjoys sweeping ocean views and an exceptional beachfront setting between Broadbeach and Cavill Avenue, providing outstanding access to dining, shopping, entertainment and the best of the Gold Coast lifestyle.

A significant advantage of this opportunity is the minimal caretaking burden. There are no gardening duties whatsoever, with all gardening independently managed and paid for by the Body Corporate. This substantially reduces the physical workload and allows the incoming operator to focus their time and energy on the profitable letting business.

Facilities include a heated swimming pool, tennis court and games room, while a proactive Body Corporate committee and 32 resident owners provide stability within the scheme.

With its substantial income, manageable workload and exceptional beachfront residence, The Penthouses is ideally suited to an experienced operator, couple or lifestyle focused buyer seeking strong returns without taking on a labour intensive caretaking role. Opportunities combining this level of profitability with an irreplaceable oceanfront position are rarely available.

Business Summary

Business Snapshot

Price: $1.7M MR & $1.6M UNIT = Total $3.3M Net Profit: $410,024 Remuneration / Body Corp Salary: $109,369

Managers Unit

Value of Managers Apartment: $1,600,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 54Total Units in Letting Pool: 18Owner Occupy Units: 35Outside Agent Units: 1Agreement Term: 10 yearsAgreement Term Remaining: 10 years

Marketing Agent

Kevin Tsai

0403 44....

Greg Litzner

0499 00....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Net operating profit exceeds $410,000, with approximately 12.5% return on investment.
2. Absolute beachfront Surfers Paradise position offers uninterrupted ocean outlook with no scope for future development to obstruct views.
3. Eighteen holiday letting appointments provide established short stay revenue supported by strong OTA ratings and year round demand.
4. A $109,369 Body Corporate salary provides an additional reliable income stream.
5. Minimal caretaking burden, with gardening independently managed and paid for by the Body Corporate.
6. Three bedroom, two bathroom manager’s residence includes two car spaces and sweeping ocean views.
7. Facilities include a heated swimming pool, tennis court and games room.
8. A proactive Body Corporate committee and 32 resident owners support stability within the 54 unit scheme.
9. Ten years remain on the management agreement, providing long term operational tenure.
10. Position between Broadbeach and Cavill Avenue provides access to dining, shopping and entertainment.

Management Rights Multiplier: 4.15
ROI Estimate: 12.42%