Tugun, Queensland

Absolute Beachfront Management Rights Opportunity in Tugun

$850k MR & $975k Unit = Total $1.825M

Business Description

Seize this rare opportunity to own a management rights business with direct access from the manager's apartment straight to the beach in the heart of Tugun. After a long and successful tenure, the current owners are ready to retire, offering you the chance to take over a well-established business with a strong client base of repeat guests and solid future bookings.

All apartments have been beautifully renovated, and the property enjoys excellent relationships with both the unit owners and the Body Corporate. With 23 years remaining on the Accommodation Module, this is a fantastic chance to live and work in a prime beachfront location while earning over $202k in net profit annually.
In light of the recent cyclone it would be perfect time to mention that Pacific Surf was not affected by the cyclone nor the beach. Also they lost power for two days (the only thing to go wrong) BUT they have a generator which operated the lifts and the power points in hallways so everyone could keep their fridges going :-)

The manager's unit has also been tastefully renovated and features a wonderful outdoor area, perfect for relaxation. The building offers an ideal balance of work and lifestyle, making it a must-see for anyone looking to invest in beachfront management rights.

• Net Profit: $202,000
• Business Price: $850,000 @ 4.2x
• Unit Price: $975,000
• Total Price: $1.825M
• Remaining on Accommodation Module: 23 years

Inspect today! Contact Kerrie Lush at ---------- or ---------- .

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

Business Summary

Business Snapshot

Price: $850k MR & $975k Unit = Total $1.825M Net Profit: $202,676 Remuneration / Body Corp Salary: $78,000

Managers Unit

Value of Managers Apartment: $975,000Bedrooms: 2Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 35Total Units in Letting Pool: 18Owner Occupy Units: 14Lockup Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 23 years

Marketing Agent

Kerrie Lush

0416 08....

Paul Mueller

0439 25....

Ras360

Key Investment Insights

1. Rare opportunity to own a management rights business with direct beach access in Tugun.
2. Well-established business with a strong client base of repeat guests and solid future bookings.
3. All apartments have been beautifully renovated.
4. Excellent relationships with both unit owners and the Body Corporate.
5. 23 years remaining on the Accommodation Module.
6. Net profit of over $202,000 annually.
7. Manager's unit has been tastefully renovated with a relaxing outdoor area.
8. Ideal balance of work and lifestyle.
9. Business price of $850,000 at 4.2x.
10. Unit price of $975,000.
11. Total price of $1.825M.
12. Not affected by recent cyclone and has a backup generator.
13. Specialists in management rights, motels, hotels, pubs, and parks.
14. 2 bedrooms, 2 bathrooms, and 2 car spaces in the manager's unit.
15. Complex type is resort/holiday with a total of 35 units.
16. 18 units in the letting pool, 14 owner-occupied units, and 3 lockup units.
17. Agreement term of 25 years with 23 years remaining.

Management Rights Multiplier: 4.19
ROI Estimate: 23.84%