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BEACHFRONT BURLEIGH HEADS - TOP BUSINESS - TOP RETURN
$2,880,000
Resort / Holiday management rights, Burleigh Heads QLD
Perfectly positioned right across from the world famous Burleigh Beach, this is an unbeatable opportunity to own a thriving business in one of the most sought after destinations on the Gold Coast.
Consistent proven financials available, prove a rare return on business investment of 22.66%. Current management is ready to willingly pass on 8 years of proven experience.
This building presents beautifully after recent upgrades. There are 44 apartments in the complex, 19 of which are in the letting pool and to compliment this excellent business, is a beautiful 2-bedroom, 2-bathroom renovated ground floor Managers Apartment.
The new managers will appreciate the benefits of the excellent systems that the current owners have in place. All the hard work is done. With around 60% of guests booking direct and strong forward bookings in place, this complex is known to be a favourite for guests returning for their Burleigh beachfront holiday. With recently updated manager friendly Management Agreements in place, along with a very supportive BC committee the new owner can focus on driving business growth.
New Price, now exceptional buying for an outstanding beachfront business and managers unit priced under $1m.
Enquire now to find out more about this fantastic opportunity.
Net Profit $430,000 +
No set office hours
Beautiful 2-bedroom 2-Bathroom ground floor managers apartment for less than $1m
Strong repeat bookings
Rated Number 1 accommodation on Trip Advisor in Burleigh Heads
Quality 2- & 3-Bedroom apartments in the letting pool
Location
Burleigh Heads attracts large numbers of visitors. It is right on The Esplanade and only a short distance to cafes, restaurants, shops, and directly opposite Burleigh beach, this complex has everything holidaymakers need. Burleigh Heads is only a 15-minute drive from Gold Coast Airport. The light rail connection from the northern Gold Coast to Burleigh Heads, is under advanced construction to complete a link to Surfers Paradise and further north.
Burleigh is renowned for its beautiful beaches and famous surf break and offers a fantastic foreshore for picnics or BBQs. Theres a bonus stroll around Burleigh Heads National Park to take in the stunning views of the Gold Coast.
Enquire now to find out more about this fantastic opportunity.
More Information
- Total Purchase Price: $2,880,000
- Net Income: $ 430,451
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 980,000
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?