Premium Broadbeach Holiday Resort with Stunning 3 Bedroom Managers Unit

$3,075,000

Resort / Holiday management rights, Broadbeach QLD

Hotel Resort sales is pleased to present a proven, high-performing holiday management rights business in the heart of Broadbeach - one of Australias most desirable tourism destinations.

This outstanding opportunity generates a net return of over $400k. Recently refreshed with a full building repaint, the complex is further enhanced by a stylishly renovated, open-plan 3-bedroom managers residence, providing the perfect balance of lifestyle and income in one exceptional package.

Carefully nurtured by long-term owners, this well-established resort enjoys glowing reviews, a strong reputation, and a loyal base of returning guests.

Key Highlights:

*Letting Pool: 20 holiday apartments plus 1 permanent rentals, featuring a mix of spacious two- and three-bedroom options.
* Resort Facilities: Heated outdoor pool and spa, full-size tennis court, two saunas, BBQ areas, games room, and secure underground parking.
* Strong Income: Net return exceeding $400k, with $24k allocated for part-time staff to maintain a balanced, manageable workload.

Broadbeach is renowned for its vibrant events, including the annual Blues and Country Music Festivals, while its unbeatable location offers easy access to Pacific Fair Shopping Centre, The Star Casino, pristine beaches, G:link tram, Convention Centre, and a diverse range of dining and entertainment.

Opportunities of this calibre - featuring a spacious, modern 3-bedroom residence are rarely available. Contact me today to learn more about this fantastic business opportunity!

Net Profit: $401,350

Property Code: 60

More Information

Financial Overview

Total Purchase Price: $3,075,000
Net Income: $ 401,350 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,150,000
_{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.}

Letting Business

Letting Pool: 21
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 27
_{Number of units resided in by their owners.}

Lock Ups: 10
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 7
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 66
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 140,196
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 10 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 41 years
_{How long has the management rights existed.}

Office Hours: Mon-Fri 8.30am-5pm, Sat 9.30am-11am
_{Required Office Hours}

Complex Features: Heated Outdoor Pool and Spa, Full Size Tennis Court, 2 x Saunas, 2 BBQ Areas, Games Room, Secure Underground Parking

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,150,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Full Renovated 3 Bedroom, 2 Bathroom, separate Laundry, Open Plan Living