Multiplier 4.65x! Premier Beachfront Resort in iconic Surfers Paradise | Resort Brokers ID : MR008259
$2,545,887
Resort / Holiday Management Rights, Surfers Paradise QLD
ResortBrokers exclusively presents a lucrative mixed-use management rights located in the heart of iconic Surfers Paradise.
Conveniently situated just 250 meters from the renowned Surfers Paradise beach, this well-maintained resort boasts a total of 59 units, featuring fully self-contained two and three-bedroom apartments. The majority of the two-bedroom units have undergone extensive renovations, ensuring modern comforts throughout. Coupled with its enviable location, this resort enjoys a steady influx of returning guests, drawn by its combination of comfort and prime beachside setting.
There is 33 units in the onsite letting pool, including 27 holiday lets and six permanent lets. The income also includes three external permanent units priced at 2x multiplier.
With Queensland set to take its place on the world stage with the 2032 Olympic Games, and the city's short-stay market continuing to grow, there has never been a better time to acquire this iconic boutique short-term management rights business.
Contact us today to learn more about this lucrative business.
- Long agreement terms - 21.5 years
- Profitable letting pool - renovated self-contained two and three-bedroom apartments
- Spacious renovated 3-bedroom manager’s residence plus modern office/reception
- Prime location near the beach, dining, shopping districts, and major attractions
- Strong relationships with Body Corporate committees and unit owners
- Timely investment opportunity with the upcoming 2032 Olympic Games and the growing short-stay market
- Perfect opportunity for industry newcomers or couples seeking a balanced lifestyle in a vibrant tourism hub
- Property inspections are by appointment only
Date updated: 25 Jun 2024 23:00:03
More Information
- Total Purchase Price: $2,545,887
- Net Income: $ 375,390
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 800,000
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.
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
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?