EXCEPTIONAL GOLD COAST BEACHSIDE BUSINESS NETTING OVER $1.2M | Resort Brokers ID : MR008577

$8,700,000

Resort / Holiday Management Rights, BURLEIGH HEADS QLD

ResortBrokers proudly presents an outstanding opportunity to purchase a lucrative business located in arguably the best location on the Gold Coast!

With an impressive net profit circa $1.2million, this substantial management rights business is set up to handle large occupancy and high guest turnover, making it an attractive proposition for a partnership and or syndicated purchase leaving sound returns and the ability to grow room rate revenue and occupancy due to the high demand area.

This superior management rights business will be highly coveted by experienced operators. Seize the chance to own an exceptional management rights business ideally located in an iconic position on the Gold Coast and get in touch on 3 to explore!

- Business infrastructure designed to accommodate large occupancy and high guest turnover
- Impressive net profit circa $1.2M appealing to standalone operators, partnerships, or syndicates
- Significant potential to increase rate revenue and occupancy due to high demand
- Exceptional location, offering the best views on the Gold Coast
- Growing trend in the letting pool over the last three years, defying the industry trend
- Standard module with a 10-year term and a strong history of top-ups
- Real Estate includes a 2-bedroom, 1-bathroom residence with 2 large offices and storage on title
- Inspection by appointment only
Date updated: 22 Jan 2025 22:00:01

More Information

Financial Overview

Total Purchase Price: $8,700,000
Net Income: $ 1,200,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,500,000
_{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: 69
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 28
_{Number of units resided in by their owners.}

Lock Ups: 23
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 122
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 211,284
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 10 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:
_{Required Office Hours}

Complex Features: Heated swimming pool, Spa pool and Sauna, Tennis court - Full Size, Barbecue area overlooking the beach, secure parking

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,500,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: no
_{Can the manager own a pet on site?}

Unit Features: The Managerâs unit is located to the elevated ground level of the North Tower and incorporates 2 bedrooms, 1 bathroom, plus a multi-purpose room. It is complemented by an exclusive use courtyard providing elevated ocean views over common property lawn area, and an enclosed basement carpark/storage space. The office/reception component is adjacent to the Managerâs Unit. The linen/storage component is detached and located opposite the reception area. The ancillary office/storage facility is detached and located on the ground level of the South Tower.