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STRONG SALARY - GROWTH POTENTIAL
$1,860,000
Resort / Holiday Management Rights, SURFERS PARADISE QLD
Well-positioned management rights opportunity in central Surfers Paradise. This is a manageable, mixed-use complex with solid income and clear upside.
This well-presented apartment complex offers a balanced mix of holiday and long-term letting in one of the Gold Coast's most established tourism markets. The building comprises 51 lots with a current letting pool of 13, providing an easy-to-manage operation with clear upside potential.
The property benefits from resort-style onsite amenities, including two outdoor swimming pools, tennis court, gymnasium, and sauna facilities. These features support consistent occupancy and enhance guest appeal, particularly for short-term accommodation demand.
Manager's residence is a modern and spacious 2 bedroom, 2 bathroom,1 car space apartment. And for your convenience the manager's office is accessible internally.
A key highlight is the secure Body Corporate salary of $108,117 p.a. + GST, annual CPI increases, and the management agreements recently topped up within the standard module, offering long-term income stability.
This business suits experienced operators, with multiple value-add opportunities, including expanding the onsite letting pool, improving operational efficiency, and leveraging the strong tourism flow of Surfers Paradise.
More Information
- Total Purchase Price: $1,860,000
- Net Income: $ 241,423
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This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 850,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?