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Boutique Management Rights - Just Steps From The Beach!
$1,650,000
Resort / Holiday management rights, Surfers Paradise QLD
Perfectly positioned between Surfers Paradise and Broadbeach, this beautifully maintained management rights complex offers an enviable beachside lifestyle. Just steps from the sand, it provides the perfect balance of work and leisure.
With no set office hours in the agreement, this opportunity offers flexible management of body corporate duties, making it ideal for a single operator, a couple seeking a more relaxed lifestyle, or those looking to balance work with additional commitments.
The spacious ground-floor managers unit features two bedrooms, 1.5 bathrooms, a fully enclosed outdoor entertainment area as well as an oversized private courtyard - perfect for pets or entertaining.
This boutique, low-maintenance complex consists of 24 units, with 12 in the letting pool (includes 1 external let), plus two of which are dual key. The self-contained apartments are a favourite among holidaymakers and returning guests, boasting immaculate presentation and outstanding 5-star Google reviews. On-site amenities include a swimming pool, spa, sauna, and secure underground parking.
Located directly across from theSurf Club and patrolled beach, with a park and beach access just steps away. Conveniently positioned near an array of shops including pizza shop, takeaway, convenience store, bottle shop, and a tram stop.
With a proactive and highly supportive Body Corporate, this is a rare chance to secure a thriving beachside management rights business that offers both lifestyle flexibility and strong returns!
Call Craig for further information or to arrange an inspection.
Net Profit: $173,492
Property Code: 68
More Information
- Total Purchase Price: $1,650,000
- Net Income: $ 173,492
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 950,000
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?