Prime permanent Management Rights in Burleigh Waters offering High Returns | Resort Brokers ID : MR008635

$3,450,000

Permanent Management Rights, BURLEIGH WATERS QLD

ResortBrokers offers to market an exceptional business opportunity in the heart of Burleigh Waters. This premium-grade development has 170 units, including 58 in the letting pool, with plenty of room to convert the 30 outside agents into the letting pool providing scale and upside for experienced operators.

This opportunity offers a robust management rights business with a remarkable net operating profit of $445,000, with 22 years remaining on the management agreements, providing long-term security. The business benefits from a supportive body corporate committee and streamlined operational systems, ensuring a smooth transition for the incoming operator

The complex is equipped with extensive resort-style amenities, centrally located near Bond University and Burleigh Heads Beach, it ensures high tenant demand. The manager's residence is a spacious three-bedroom, two-bathroom unit with two car spaces and an office on title.

- Impressive $445k net operating profit
- Spacious three bed, two bath manager's unit with office on title
- 22 years remaining on the 25-year agreements offering long-term security
- Extensive resort-style amenities - two pools, two barbecue areas& gym
- Permanent letting complex with manageable duties and no set office hours
- Premium-grade development
- Centrally located to key locations- Bond University, Varsity Train Station, Burleigh Heads Beach& shopping precincts
- Inspections are by appointment only
Date updated: 02 Apr 2025 15:45:37

More Information

Financial Overview

Total Purchase Price: $3,450,000
Net Income: $ 445,849 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 900,000
_{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: 58
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 91
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 20
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 170
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 251,115
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 22 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: No set office hours
_{Required Office Hours}

Complex Features: Two swimming pools Equipped gym Multiple BBQ areas Extensive gardens 212 secure basement car parking spaces 4 lifts and great location