Waterfront Management Rights with Spacious Three-Bedroom Unit

$2,140,000

Resort / Holiday management rights, Biggera Waters QLD

Price Reduction of $74k

Hotel Resort Sales presents a rare opportunity to live and work in a beautifully maintained waterfront complex on the stunning Gold Coast. With all the hard work already completed, new owners can step in and enjoy a thriving business in a prime location.

Situated in the heart of Biggera Waters, this business is perfectly positioned near the Broadwater, Harbour Town Premium Outlet, and just a short drive from major theme parks and sporting venues.

Enjoy your downtime with fantastic on-site amenities, including two pools (one heated), two spas, a half-size tennis court, and a BBQ area, all with stunning water views. Additional features include secure underground parking, a boat ramp, and a pontoon for direct water access.

Boasting a net profit just shy of $300k which also includes a solid Body Corporate remuneration of $108K. NO set office hours required, this business offers exceptional flexibility perfect for a couple looking to enjoy a balanced lifestyle.

The recently renovated managers residence is a spacious three-bedroom, two-bathroom unit with two balconies and two secure car spaces, providing a comfortable and stylish home. Strong forward bookings, particularly from sports and community groups, ensure excellent occupancy rates through late 2025.

This waterfront opportunity is priced to sellschedule your inspection today!

Net Profit: $299,774

Property Code: 64

More Information

Financial Overview

Total Purchase Price: $2,140,000
Net Income: $ 299,774 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 840,000
_{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: 32
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 27
_{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: 5
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 65
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 108,615
_{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: 21 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 36 years
_{How long has the management rights existed.}

Office Hours: No Set Office Hours
_{Required Office Hours}

Complex Features: Pools x 2 One heated, Spa x 2, Half Size Tennis Court, BBQ Area, Secure Underground Parking, Boat Ramp and Pontoon with direct water access