Tugun, Queensland

OPPORTUNITY FOR ACTIVE EQUITY MANAGERS FOR BEACHFRONT HOLIDAY RESORT SOUTHERN GOLD COAST

$1,260,000 (= 30% Share)

Business Description

A great Management Rights opportunity presents for Experienced Active Equity Managers to take over the day-to-day management of this beautiful Southern Gold Coast resort. This well-established beachfront property is located in the popular suburb of Tugun.

A 30% share is available for an active management team/couple. The equity required is $478,500 (total cost of share -$1,260,000) for a return of approx. $165,000 pa (this figure includes the managers salary of $100k for a managerial couple plus return on equity invested of approx. $65k) which equates to a 35% ROI. *Please note a larger share is available for the right purchaser.

As part of this package, the active managers are also provided with a beautifully renovated managers unit consisting of three bedrooms plus two-bathrooms on the ground floor opposite the beach.

This resort offers an extensive range of facilities catering to every holiday maker wish list including Heated Outdoor Pool & Spa, Sauna, Gym, 2x BBQ Areas, direct beach access and secure underground parking and gated entry.

Located in the heart of the beachside village of Tugun walking distance to a great array of fantastic restaurants cafes, bars, shopping facilities and only 5 minutes to the Gold Coast Airport. This is a popular location for those who are wanting to live and work beachside in one of the up-and-coming beachside locations on the Gold Coast.

Call now to find out more about this outstanding Management Rights opportunity or to arrange an inspection.

Property Code: 1295

Business Summary

Business Snapshot

Price: $1,260,000 (= 30% Share) Net Profit: $551,636 Remuneration / Body Corp Salary: $113,861Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,100,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Beautiful fully renovated 3-bedroom 2-bathroom apartment, open plan living with front and rear balconies. 1 car space with generous exclusive use storage areas. Reception and back-office on title, direct access from managers apartment.

Complex Information

Complex Type: HolidayTotal Units in Complex: 74Total Units in Letting Pool: 47Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: Yes

Marketing Agent

Scott Saunders

Premier Business Sales

Key Investment Insights

1. Management Rights opportunity available for experienced active equity managers to take over the day-to-day management of a well-established beachfront resort in Tugun, Southern Gold Coast.
2. A 30% share is available for an active management team/couple, with an equity requirement of $478,500 for a return of approximately $165,000 per annum.
3. The package includes a beautifully renovated managers unit with three bedrooms and two bathrooms on the ground floor opposite the beach.
4. The resort offers a range of facilities including a heated outdoor pool and spa, sauna, gym, BBQ areas, direct beach access, and secure underground parking.
5. Located in the heart of the beachside village of Tugun, within walking distance to restaurants, cafes, bars, shopping facilities, and only 5 minutes from the Gold Coast Airport.
6. Popular location for those looking to live and work beachside in one of the up-and-coming beachside areas on the Gold Coast.
7. Business snapshot: Price of $1,260,000 (= 30% share), net profit of $551,636, and remuneration/body corp salary of $113,861 with annual CPI review.
8. Managers unit valued at $1,100,000 and includes 3 bedrooms, 2 bathrooms, 1 car space, and an office on title with direct access from the apartment.
9. Complex information: Holiday complex with 74 units, 47 units in the letting pool, and an accommodation agreement module with a term of 25 years remaining.
10. On-site amenities include a pool, spa, sauna, gym, and BBQ area.

Management Rights Multiplier: 0.29
ROI Estimate: 344.77%