Tugun, Queensland

GOLD COAST ABSOLUTE BEACHFRONT MANAGEMENT RIGHTS

$1,790,000

Business Description

Premier Business Sales are offering to the market the opportunity to live where others holiday and profit from paradise! Dedicated and long-term managers are retiring, presenting an opportunity to purchase the management rights to a highly regarded absolute beachfront holiday complex along with a fully renovated spacious 2-bedroom manager’s residence.

This established management rights boasts an enviable position with direct access to golden sands and ocean views that never get old. A consistent income, long-term agreements, and supportive body corporate make this a dream opportunity.

The building is well maintained and a low-maintenance operation that would suit experienced or first-time operators looking to enter the management rights industry. The apartments offer the ideal blend of lifestyle, real estate, and reliable revenue.

The complex is in the heart of Tugun on the Southern Gold Coast. Tugun offers the perfect blend of beachside serenity and vibrant community living. Known for its uncrowded surf breaks, friendly village atmosphere, and trendy cafes, Tugun is a hidden gem that’s becoming increasingly sought-after by holidaymakers, families, professionals, and retirees alike. With easy access to the M1, Gold Coast Airport, and top local schools, Tugun delivers convenience without compromising on lifestyle.

Highlights:

- Long Agreements

- Growth Location

- Strong Year on Year Performer

- Direct Beach Access

- Fully Renovated Residence

- No Requirement to Live Onsite

- Vibrant Coastal Community

Call now to arrange an inspection!

Property Code: 175

Business Summary

Business Snapshot

Price: $1,790,000 Net Profit: $205,000 Remuneration / Body Corp Salary: $83,529Business Value: $815,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $975,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Spacious 2-bedroom 2-bathroom residence with 2 car spaces located on the ground floor in a quiet private area.

Complex Information

Complex Type: MixedTotal Units in Complex: 35Total Units in Letting Pool: 18Owner Occupy Units: 11Outside Agent Units: 1Lockup Units: 5Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesTennis Court: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Scott Saunders

Premier Business Sales

Key Investment Insights

1. Absolute beachfront position with direct beach access, ocean views and immediate appeal to holidaymakers.
2. Established management rights with long agreements, 25 year term originally and 22 years remaining, providing income stability.
3. Solid financials listed, asking price $1,790,000, net profit $205,000, business value $815,000 and body corporate salary $83,529.
4. Body corporate salary reviewed annually by CPI, offering predictable remuneration escalation.
5. Fully renovated, spacious 2 bedroom 2 bathroom manager’s residence on title, valued at $975,000, with 2 car spaces and office.
6. No requirement to live onsite, increasing buyer flexibility and appeal to absentee operators.
7. Low-maintenance, well maintained building and operation, suitable for experienced or first-time operators.
8. Strong historic performance noted, described as a year on year performer, implying consistent trading.
9. Prime Tugun location on the Southern Gold Coast, marketed as a growth area with uncrowded surf, cafes and a village atmosphere.
10. Excellent access and convenience, close to the M1, Gold Coast Airport and top local schools.
11. Mixed 35 unit complex with 18 units in the letting pool, 11 owner occupied units and ancillary revenue potential from 5 lockup units.
12. Onsite guest amenities include pool, tennis court, BBQ area and WiFi, enhancing holiday appeal and occupancy potential.

Management Rights Multiplier: 3.98
ROI Estimate: 11.45%