Prime Beachfront Business with Huge Upside!

$680.000 - Business Only

Permanent Management Rights, SURFERS PARADISE QLD

Imagine owning a thriving business in a location most people only dream of visiting. This Management Rights business offers an absolute beachfront position, blending lifestyle and investment in one remarkable package. Whether you're looking to purchase a 'business-only' or keen to get some beachfront real-estate and include a spacious 3-bedroom manager's residence, this is an investment opportunity with endless potential.

Purchase with or without a managers unit!* Boasting no requirement to own a unit or reside and no office hours, youll enjoy maximum flexibility and freedom. With a 25-year accommodation module (21 years remaining) and low-maintenance common areas, this business is perfectly suited for a solo operator or as a profitable add-on lifestyle venture. Caretakers salary is subject to CPI increase annually, day to day tasks and duties are manageable by one person or a small team on a rotating roster which make for the perfect add business for existing operators wanting to expand.

But the upside doesnt stop there! With room to grow the letting pool, take advantage of the strong real estate market growth and position yourself for long-term returns. Theres even the potential for developer acquisition, with this beachfront gem becoming more valuable every day. The property also features excellent guest amenities, including a pool, refurbished spa with new heater and BBQ area, and tennis courtthe perfect setting for content residents and incoming operator!

In an area primed for population growth and booming infrastructure development, this is more than a businessits a gateway to incredible possibilities. Beachside locations like this are rare, and the opportunities here are endless. Act now, and make your beachfront business dream a reality!

* Managers Unit price can be negotiated for interested buyers. Details upon request.

More Information

Financial Overview

Total Purchase Price: $680.000 - Business Only
Net Income: $ 121,750 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 0
_{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.}

Letting Business

Letting Pool: 14
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 10
_{Number of units resided in by their owners.}

Lock Ups: 7
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 4
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 35
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 79,514
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 21 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Nil
_{Required Office Hours}

Complex Features: Absolute beachfront with beach access. Low maintenance common property, no office hours, no requirement to reside, no requirement to own a lot. Office is Occupation Authority without Unit ownership.0