Surfers Paradise, Queensland
Surfers Paradise Waterfront Permanent Management Rights Opportunity
$1,399,000
Business Description
Exclusively presented, Kings Row North is a well-established permanent waterfront management rights business in the prestigious area of Paradise Waters, Surfers Paradise. This is an excellent opportunity for an operator seeking a straightforward, lifestyle focused management rights business in a sought after Gold Coast location.
The complex comprises 35 one and two-bedroom apartments, with the onsite management rights currently overseeing 8 apartments in the letting pool. Adding further appeal is the opportunity to grow the business, with 8 additional apartments currently managed by outside agents and potentially available to transition to the onsite letting pool.
Generating a strong Body Corporate salary of $87,871 + GST and total net profit of $97,011, this established business offers the flexibility of no set office hours (contactable only) and a more relaxed management rights lifestyle. This is why the current owners have called this home for over 10 years!
Set in a highly sought-after waterfront position, the complex offers a unique lifestyle with direct access to the water, a boat ramp and 12 dedicated marina berths, a standout feature rarely found in management rights opportunities. Complementing this is a swimming pool, spa, BBQ pavilion and secure underground parking, creating an attractive offering for both residents and an onsite manager.
The spacious managers unit (162sqm) comprises of an airconditioned 2 bedroom, 2 bathrooms, generous sunny private courtyard, 2 car spaces plus a large exclusive use storage area.
Kings Row North is ideally positioned just a five-minute walk from the Main Beach G:link light rail station and the vibrant café and restaurant precinct of Tedder Avenue. Located within easy reach of Surfers Paradise, the property offers convenient access to the Gold Coast’s iconic beaches, dining, shopping and entertainment, while enjoying everything this highly sought-after coastal lifestyle has to offer.
KEY BUSINESS FEATURES
- Permanent management rights – Paradise Waters, Surfers Paradise
- Unique waterfront location
- 35 apartments comprising one and two-bedroom units, 3 storey walk up complex
- 8 units currently in the letting pool
- Potential to secure a further 8 outside-managed lots
- $87,871 + GST Body Corporate salary
- $97,011 net profit
- No set office hours (Contactable Only)
- Established business successfully operated by the current owners for 10 years
- Swimming pool, Spa, BBQ pavilion
- Underground secure parking
- Boat ramp
- 12 marina berths
Don’t miss out on this rare waterfront permanent management rights opportunity. Contact Craig today to find out more.
Net Profit: $97,011
Property Code: 148
Business Summary
Business Snapshot
Price: $1,399,000
Remuneration / Body Corp Salary: $87,871Body corp salary review: CPI Annually
Managers Unit
Value of Managers Apartment: $1,050,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: Exclusive UsePets OK: Yes2 Bedroom, 2 Bathroom, Large Courtyard, 2 Car Space + Large exclusive use storage area
Complex Information
Complex Type: PermanentTotal Units in Complex: 35Total Units in Letting Pool: 8Owner Occupy Units: 18Outside Agent Units: 8Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesSpa: YesBBQ Area: YesMarina Berth: Yes
Key Investment Insights
AI generated. Confirm details with the seller.
1. Established permanent management rights business with $97,011 net profit and $87,871 plus GST Body Corporate salary.
2. Opportunity to potentially transition eight outside managed apartments into the onsite letting pool.
3. No set office hours, with the manager contactable only, supporting a relaxed lifestyle operation.
4. Successfully operated by the current owners for over 10 years.
5. Waterfront Paradise Waters location includes direct water access, a boat ramp and 12 dedicated marina berths.
6. Complex amenities include a swimming pool, spa, BBQ pavilion and secure underground parking.
7. Spacious 162sqm managers residence offers two bedrooms, two bathrooms, courtyard, two car spaces and exclusive storage.
8. 35 apartment complex comprising one and two bedroom apartments in a three storey walk up building.
9. Five minute walk to Main Beach G:link station and Tedder Avenue cafes and restaurants.
10. Managers residence is valued at $1,050,000 and includes an exclusive use office.
