Surfers Paradise, Queensland

High-Income Mixed Management Rights in Surfers Paradise - ID 9204

$1,450,000

Business Description

Mixed Letting Management Rights For Sale
No Requirement to Live Onsite No Office Hours

- No requirement to live onsite - required to be contactable

- The 1 bed, 1 bath manager's residence could be rented out for an additional $30,000 p.a

- Mixed letting complex with a total of 13 in the letting pool (11 holiday and 2 permanent)

- Low multiplier of 3.76

- No set office hours equates to a reduced workload

- Body Corporate salary of $65,818 + GST with CPI increase

- High net profit of $239,056 with very strong holiday bookings

- 25 year Accommodation Module agreements with 20 years left to run

- Exclusive reception area with plenty of storage space

Conveniently located in the centre of Surfers Paradise, close to everything which ensures strong bookings. Stable rental pool with majority of one bedroom units.

Net Profit: $239,056
Asking Price: $1,450,000
(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Broker
Bill He

Property Code: 1211

Business Summary

Complex Information

Marketing Agent

Bill He

MR Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Net profit of $239,056 with very strong holiday bookings and an advertised multiplier of 3.76.
2. Asking price of $1,450,000 includes the manager’s real estate.
3. Body Corporate salary of $65,818 plus GST includes CPI increases.
4. No requirement to live onsite or maintain set office hours, although the manager must remain contactable.
5. The one bedroom manager’s residence could generate an additional $30,000 per annum if rented out.
6. Stable letting pool comprises 13 units, including 11 holiday rentals and two permanent rentals.
7. Accommodation Module agreements have 20 years remaining on their original 25 year terms.
8. Central Surfers Paradise location offers convenient access to local amenities, supporting strong bookings.
9. Exclusive reception area includes plenty of storage space.