Highly Sought After Broadbeach Holiday Resort with Stunning 3 Bedroom Unit

$2,920,000

Resort / Holiday management rights, Broadbeach QLD

Looking for a highly successful holiday management rights business in the heart of Broadbeach, one of Australias premier tourism hotspots?

This opportunity combines a net return of over $389k with a beautifully renovated, open-plan 3 bedroom managers residence, making it an exceptional lifestyle and investment opportunity!

This well established holiday resort has been carefully developed by long-term owners, earning glowing reviews and a loyal clientele of returning guests.

Key features include:
* Letting Pool: 21 holiday units and 2 permanent rentals, offering a mix of spacious two- and three-bedroom options.
* Resort Amenities: Heated outdoor pool and spa, full-size tennis court, two saunas, two BBQ areas, games room, and secure underground parking.
* Income & Assistance: A strong net return exceeding $389k, with $24k allocated for part-time staff, ensuring a balanced and manageable workload.

Broadbeach is famous for its vibrant events, such as the Blues and Country Music Festivals, and its unbeatable location puts you within walking distance of Pacific Fair Shopping Centre, The Star Casino, world-class beaches, the G: Link tram, The Convention Centre, and an array of dining and entertainment options.

Opportunities like this featuring a modern, spacious three-bedroom residence do not present often. Contact me today to learn more about this incredible business opportunity!

Net Profit: $389,072

More Information

Financial Overview

Total Purchase Price: $2,920,000
Net Income: $ 389,072 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,055,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 4.8
_{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: 23
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 26
_{Number of units resided in by their owners.}

Lock Ups: 9
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 8
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 66
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 140,196
_{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: 40 years
_{How long has the management rights existed.}

Office Hours: Mon-Fri 8.30am-5pm, Sat 9am-11am
_{Required Office Hours}

Complex Features: Heated Outdoor Pool Spa, Full Size Tennis Court, 2 x Saunas, 2 BBQ Areas, Games Room, Secure Underground Parking

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,055,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

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

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: Fully renovated 3 bedroom, 2 bathroom, separate laundry, open plan