Resort Style Apartments Management Rights, Surfers Paradise QLD Australia
$1,240,000
Resort / Holiday management rights, Surfers Paradise QLD
UNCOVER A LUCRATIVE LIFESTYLE IN SURFERS PARADISE, QUEENSLAND!
1Agency proudly presents a rare opportunity with this management rights business and its associated dual units. Prime location with full resort facilities, positioned close to all Surfers Paradise has to offer from the incredible beaches walking distance away, shopping centres, boutiques, renowned cafes and restaurants and public transport.
Complex Highlights:
- 44 spacious, fully self-contained apartments with kitchen, bathroom, and laundry
- Resort Style pool and BBQ area
Business Highlights:
- Minimal effort with straightforward management no extensive maintenance or landscaping
- 14 permanent units in the letting pool with opportunity for business expansion with 7 outside agents
- Accommodation module with 19 years left to term
- On-title 18 rental cages, offering potential for underutilized income
- Body Corporate remuneration of $84,518 (AUD)
- Nett profit $117,779 (AUD) per annum
Managers Apartment:
- Management unit with 2 bedrooms, 1 bathroom, 2 car spaces, large patio, and an additional 1-bedroom self-contained unit
Location Perks:
- Prime location with full resort facilities in the heart of Surfers Paradise
- Incredible beaches within walking distance, along with shopping centres, boutiques, cafes, and restaurants
- Easy access to public transport for added convenience
- Vibrant urban amenities and breathtaking natural beauty
- Plethora of shops, restaurants, and entertainment options
- Well-connected infrastructure for accessibility to essential services, education, and healthcare
Total Purchase Price $1,240,000
Seize this excellent opportunity to invest in a highly desirable location and embrace the coveted Gold Coast lifestyle.
More Information
- Total Purchase Price: $1,240,000
- Net Income: $ 117,779
(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: 10.5
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?