Surfers Paradise, Queensland

Exclusive - Multiplier Only 2.50 with 24.5 Years Agreement - ID 9244

$1,362,693

Business Description

Mixed Letting Management Rights For Sale
Quality Large 3-Bedroom Residence in Surfers Paradise

- High Net Profit: $125,077

- Attractive Salary: Body Corporate remuneration of $78,650 + GST per annum, featuring annual CPI increases.

- Expansion Potential: Established pool of 10 apartments (8 permanent, 2 holiday). With 9 additional units currently managed by outside agents, there is immense upside to expand the letting pool, convert permanents to highly lucrative holiday lets, and boost sales commission.

- Secure Agreement: 25-year Accommodation Module with approximately 24.5 years remaining.

- Low Multiplier: Exceptional value at a low 2.50x multiplier.

- Minimal Workload: Simple caretaking duties and easy-to-maintain gardens requiring minimal working hours. Exclusive-use attached professional office and reception area.

- Outstanding Manager’s Residence: Quality 3-bedroom, 2-bathroom home featuring a garage, shed, courtyard, and sunroom. The flexible layout allows for dual-living (a 2-bed/1-bath and a separate 1-bed/1-bath, each with its own entrance), potentially generating an additional $30,000 p.a. in rental income.

- Prime Location: Set in a peaceful, modern complex in highly sought-after Surfers Paradise, offering strong booking demand, convenient amenity access, and an unbeatable coastal lifestyle.

Buy a modern apartment and secure a business at a very low multiplier. Enjoy a quality coastal lifestyle and a comfortable income. Opportunities like this are rare! Call Bill He on ---------- NOW to avoid disappointment.

Net Profit: $125,077, plus potential rental income of $30,000
Asking Price: $1,362,693
(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: 1213

Business Summary

Complex Information

Marketing Agent

Bill He

MR Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Reported annual net profit of $125,077, with the business offered at a 2.50 times multiplier.
2. Body Corporate remuneration of $78,650 plus GST annually includes annual CPI increases.
3. Accommodation Module agreement has approximately 24.5 years remaining, providing long term contractual security.
4. Established letting pool comprises 10 apartments, including eight permanent rentals and two holiday lets.
5. Nine apartments managed by outside agents offer potential to expand the letting pool, alongside opportunities to convert permanent rentals to holiday accommodation.
6. Simple caretaking duties and easily maintained gardens require minimal working hours.
7. Attached professional office and reception area are provided for exclusive use.
8. Quality manager’s residence includes three bedrooms, two bathrooms, a garage, shed, courtyard and sunroom.
9. Flexible residence layout supports dual living with separate entrances and potential additional rental income of $30,000 annually.
10. Peaceful, modern Surfers Paradise complex offers convenient amenity access and a coastal lifestyle.
11. Asking price of $1,362,693 includes the manager’s real estate.