Proudly supported by all of the industry's leading brokers
IMPRESSIVE HOLIDAY COMPLEX IN SURFERS - $520K NET; 24.5 YEARS + UPSIDE | Resort Brokers ID : MR008718
$3.106M + $153K
Permanent Management Rights, SURFERS PARADISE QLD
The management rights to Peninsular Residences is offered at a time of surging tourism and extremely low residential vacancy rates. Over the last six years, the business has developed a solid base, providing an attractive add-on for experienced operators looking to secure a business-only management rights in the heart of the Gold Coast. Recently topped up agreements provide security for incoming manager's with over 24 years remaining on the tenure and a Body Corporate salary of circa $87,000 p.a.
- 38 units in the onsite letting pool being a mix of short-term and permament rentals plus 2 external rentals
- 60 luxurious apartments offering range of floorplans predominately 2 bed / 2 bath / 1 car
- Located in Surfers Paradise with 360 degree views across the river, hinterland and city skyline
- Incredible security for incoming operators with 24.5 years remaining on newly topped up agreements
- Verified annual net profit of $520,000 by industry specialist accountant McAdam Siemon
- Scope to increase revenue by running the business as short-term year round(noting some units are run short-term in high season and as furnished permanents in low season)
- There are no set office hours in agreements giving manager's work to life balance and flexibility
- Business only set up with freehold title office / reception on entry level - priced at $153,000
- Optional 2 bed, 2 bath, 1 car manager's unit (currently in the letting pool) available to purchase - $750,000
- Exclusive resident's rooftop terrace, indoor dining and kitchen, gym& yoga lawn, BBQ and seating areas
- Short walk to the Gold Coast’s top beaches& attractions: Cavill Ave, HOTA, Gold Coast Convention& Exhibition Centre
- All inspections will be conducted by appointment only
Date updated: 08 May 2025 23:00:02
More Information
- Total Purchase Price: $3.106M + $153K
- Net Income: $ 520,000
(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: 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