Surfers Paradise, Queensland

Waterfront address. Fully occupied. Fully Completed.

$1,195,000 - Business Only

Business Description

Capri Villas is a 48-apartment permanent letting complex on the Isle of Capri, one of the Gold Coast’s most recognised waterfront addresses. It’s a settled, community-focused building, where a strong base of owner-occupiers sits alongside a healthy letting pool, creating consistent demand and genuine building morale.

Residents enjoy a pool, spa and BBQ area, along with a well-appointed common area featuring a fireplace and residents lounge that adds real lifestyle appeal to everyday living. Parking is gated, and the building is fully occupied.

With no outside agents operating in the complex, the entire letting pool remains with the manager. There’s no manager’s unit to fund, no fixed office requirement, and a long-term agreement with a body corporate salary that is reviewed annually, offering security and a solid foundation for the business.

The result is a clean, well-structured operation that delivers strong returns for the permanent letting segment. Ideal for an experienced operator or a motivated incoming manager looking for a high-quality entry into management rights.

Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks

Business Summary

Business Snapshot

Price: $1,195,000 - Business Only Net Profit: $220,792 Remuneration / Body Corp Salary: $130,568

Complex Information

Complex Type: PermanentTotal Units in Complex: 48Total Units in Letting Pool: 12Owner Occupy Units: 36Agreement Term: 25 yearsAgreement Term Remaining: 24 years

Marketing Agent

Paul Mueller

0439 25....

Syd Douglas

0427973....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Business only asking price of $1,195,000, with reported net profit of $220,792.
2. Body corporate salary of $130,568 is reviewed annually, providing a recurring income foundation.
3. Long agreement provides 24 years remaining on a 25 year term.
4. No manager’s unit to purchase and no fixed office requirement.
5. Fully occupied permanent complex comprises 48 apartments, including 12 in the letting pool and 36 owner occupied units.
6. No outside agents operate in the complex, keeping the entire letting pool with the manager.
7. Waterfront location on the Isle of Capri, one of the Gold Coast’s most recognised waterfront addresses.
8. Resident facilities include a pool, spa, BBQ area, gated parking and a common lounge with a fireplace.
9. Settled, community focused building combines a strong owner occupier base with consistent letting demand.