Tugun, Queensland

BEACHFRONT MANAGEMENT RIGHTS - PRICE REDUCED - EXCEPTIONAL BUYING

$3,650,000

Business Description

Perfectly positioned on the beachfront in the heart of Tugun, this management rights complex is in an outstanding location to attract holiday makers all year round. The Southern Gold Coast is seeing rapid development and this complex is set to benefit greatly due to its prized and unique location.

The building consists of a total of 74 apartments, 41, of which are in the letting pool including 1 external holiday let . The complex has recently undergone a total repaint and swimming pool refurbishment and presents beautifully. To compliment this great business is a wonderful 3-bedroom, 2-bathroom renovated ground floor managers unit, just steps from the beach.

The new owners will appreciate the benefits of the excellent systems that the current owners have in place, all the hard work is done. With long agreements, high net profit, manageable caretaking duties and excellent beachfront residence, this complex will provide the investment and lifestyle you have been looking for.

- Absolute beachfront

- Accommodation Module - long agreements

- High net profit - $556,991

- Reliable mixed letting business

- Recent refurbishments completed

- Flexible management with option for nominee to live onsite

- Manageable caretaking duties with great BC salary

- Outstanding location in the heart of Tugun Village a massive growth suburb

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

Property Code: 1330

Business Summary

Business Snapshot

Price: $3,650,000 Net Profit: $556,991 Remuneration / Body Corp Salary: $121,810Business Value: $2,550,000Body 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 courtyard. 1 car space with generous exclusive use storage areas.

Complex Information

Complex Type: MixedTotal Units in Complex: 74Total Units in Letting Pool: 41Owner Occupy Units: 29Outside Agent Units: 5Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Scott Saunders

Premier Business Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Absolute beachfront position in the heart of Tugun Village, with direct lifestyle appeal for holiday makers and residents.
2. Mixed letting business comprises 41 letting pool apartments, including one external holiday let, within a 74 apartment complex.
3. Reported net profit of $556,991, supported by $121,810 remuneration and body corporate salary reviewed annually by CPI.
4. Accommodation module agreement has 18 years remaining, providing long term operational tenure.
5. Renovated three bedroom, two bathroom ground floor managers residence with courtyard, one car space and exclusive use storage.
6. Recent building repaint and swimming pool refurbishment enhance the complex’s presentation and infrastructure.
7. Manageable caretaking duties and established systems may support a practical owner operator arrangement.
8. Flexible management structure includes the option for a nominee to live onsite.
9. Resident amenities include a pool, spa, sauna, gym, barbecue area, pay TV and WiFi.
10. Pets are permitted, adding flexibility for prospective resident managers.

Management Rights Multiplier: 4.58
ROI Estimate: 15.26%