Management Rights For Sale Gold Coast - 5050

Surfers Paradise, Queensland

$2,890,000

Property Description

Business For Sale - Surfers Paradise Holiday Management Rights - ID 8344 BL

- Management Rights For Sale
- Tropical Three Storey Walk Up Resort Complex
- 59 unit holiday complex with 29 in the letting pool
- Accommodation module with long agreements
- Healthy managers salary of $135,000
- Excellent, proactive Body Corporate and committee
- Large renovated reception attached and on title
- Excellent resort facilities
- Quiet location
- Growth potential with occupancy and outside lets
- One block from the 'Jewel' development
- Three bedroom, fully refurbished manager's residence
A perfect resort for families and international guests with easy access to the Star Casino, Gold Coast Convention Centre and Pacific Fair shopping in Broadbeach and just a 5 minute drive to the heart of Surfers Paradise. One block from the beach.

Net Profit: $412,000
Asking Price: $2,890,000
(Inclusive of manager's residence)

For further information or to arrange an inspection of this Gold Coast management rights business for sale contact:

Exclusive Broker
Phil Trimble

Property Summary

Business Snapshot

Price: $2,890,000 Net Profit: $412,000 Remuneration / Body Corp Salary: $135,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $625,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: HolidayTotal Units in Complex: 59Total Units in Letting Pool: 29Holiday Units: 25Permanent Units: 4Owner Occupy Units: 18Outside Agent Units: 9Lockup Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesSpa: YesGames Room: YesBBQ Area: YesWIFI: Yes