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Strong Performing Surfers Paradise Holiday Management Rights - Genuinely Priced to Sell
$1,940,000
Resort / Holiday management rights, Surfers Paradise QLD
An outstanding opportunity presents to secure a long-established and highly profitable holiday management rights business in the heart of Surfers Paradise. Successfully operated by the current owner since 2014, this business delivers strong, consistent returns and genuinely priced to sell.
The managers residence stands out as one of the most competitively priced two-bedroom apartments of its kind on the Gold Coast, enhancing its appeal to both owner-operators and investors. This well-positioned ground floor 2-bedroom apartment is complete with air-conditioning, separate laundry, one car space and four large storage areas. The current owner operates the business with an onsite nominee in place, providing flexibility in management structure.
The business has been priced to sell with a multiplier under four to compensate for the new development currently under construction next door. This opportunity is for owners or investors to obtain a management rights business at an extremely competitive price in order to see capital gains over the long term.
This business benefits from a healthy 22-years remaining on the agreement, a strong reputation built over many years, and a supportive body corporate. The external gardening is handled quarterly by contractors, caretaking requirements remain minimal and efficient.
The well-maintained complex offers a range of fully self-contained 1, 2 and 3-bedroom apartments, all featuring air-conditioning and private balconies with ocean, river or hinterland views. Guests are drawn to the resort-style facilities including a swimming pool, spa, sauna, gym, BBQ area, refurbished tennis court and secure underground parking.
Positioned in one of the Gold Coasts most iconic tourist precincts, the complex enjoys a prime central location just a short stroll to Cavill Avenue, patrolled beaches, light rail, and an endless selection of cafes, restaurants and shopping. This unbeatable position ensures year-round demand from holidaymakers.
More importantly, there is genuine opportunity to further increase income by bringing back approximately 18 units currently managed by outside agents, offering an immediate pathway to boost an already impressive net profit.
With solid systems already established and strong foundations in place, this is a turnkey opportunity in a blue-chip location. Call Craig today to discuss this fantastic management rights opportunity.
Net Profit: $314,698
Price: $1,940,000
Property Code: 117
More Information
- Total Purchase Price: $1,940,000
- Net Income: $ 314,698
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 695,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.0
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?