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Surfers Paradise Management Rights, Prime Location & Spacious 3 Bedroom Managers Unit
$1,810,000
Resort / Holiday management rights, Surfers Paradise QLD
An incredible opportunity has presented to purchase a thriving management rights business in the heart of Surfers Paradise, just 100 metres from the beach! Positioned on the sought-after Southern end of Surfers Paradise, this well-maintained high-rise complex offers a boutique feel with only two apartments per floor, ensuring exclusivity and privacy for guests.
The fully renovated spacious 3-bedroom managers residence is a rare find, offering the perfect blend of comfort and functionality:
* 3 spacious bedrooms
* 2 modern bathrooms
* High ceilings throughout, enhancing space and light
* Expansive kitchen with quality finishes and ample storage
* Separate laundry room for added convenience
* Private, oversized courtyard ideal for relaxation, entertaining or your pet
Guests will enjoy resort style amenities including outdoor pool& heated spa, Full-sized tennis court, steam room& gym, BBQ area and landscaped gardens, Meeting room / common room facilities ideal for business travellers.
An ideal opportunity for new operators as this well-established and easy-to-manage business is perfect for first-time operators looking to enter the lucrative management rights industry. With a strong net profit of $184,548, a prime beachfront location, and low-maintenance operations, this opportunity offers both lifestyle and financial rewards.
Net Profit: $184,548
Property Code: 66
More Information
- Total Purchase Price: $1,810,000
- Net Income: $ 184,548
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 995,000
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?