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Mixed letting Management Rights in Sought-After Suburbâ Strong Returns | Resort Brokers ID : MRC008947
$1,425,000
Resort / Holiday Management Rights, SURFERS PARADISE QLD
ResortBrokers is delighted to bring to market a substantial management rights business in Surfers Paradise. This 188-unit high-rise offers dual income from letting and caretaking, with a strong net profit and a $230,000 body corporate salary.
The asset features 19 units in the letting pool and significant upside to expand by reclaiming units from outside agents. No requirement to live onsite or purchase a managers unit.
Located just metres from the beach and light rail, this opportunity provides scale, stability, and growth potential in a landmark building.
- Mixed letting management rights with dual income from letting and caretaking
- Large-scale 188 uit high-rise ensures stable revenue
- PrimeSurfers Paradise location, steps from the beach, dining and light rail
- Strong net profit of $293,901 demonstrates current profitability
- Iconic Surfers Paradise building strong brand recognition
- No requirement to live onsite or purchase a manager's unit
- Significant upside by converting permanent lettings to short-term
- Generous $230k body corporate salary and opportunity to grow letting pool from 57 outside agents
- Inspections are by appointment only
Date updated: 16 Oct 2025 22:00:01
More Information
- Total Purchase Price: $1,425,000
- Net Income: $ 293,901
(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