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High-Profit Management Rights with Growth Potential in Surfers Paradise | Resort Brokers ID : MR008529
$1,699,000
Resort / Holiday Management Rights, Surfers Paradise QLD
ResortBrokers brings to market one of the most iconic holiday management rights businesses in the heart of Surfers Paradise. This famous holiday apartment complex is the centre of it all, offering a supervisory role that delivers great flexibility to being on&off site.
The property boasts a spacious two-bedroom, two-bathroom manager's residence, complete with a single car space.
Additionally, the generous body corporate salary of circa $153,000 provides a solid base for your net operating profit of over $277,000. Testament to the property's strong track record of returning holidaymakers.
The business is supported by the accommodation module which spans 25 years, ensuring longevity for your business. With a swimming pool and barbecue area only as your facilities, this property delivers lifestyle and business rolled into one.
- Property operated under the accommodation module (25 years)
- Strong net operating profit of $277,968 underpinned by a body corporate salary of $153,000
- Limited duties - Body Corporate pays for common area cleaning, garden, and pool maintenance
- Huge upside - 34 out of 65 in the letting pool = Opportunity (23 with outside agents)
- Situated in a highly sought-after Surfers Paradise location
- No requirement to live onsite (nominee permitted)
- 2 bedroom, 1.5 bathroom, 1 carpark manager's residence that could be added to the letting pool
- Inspections by appointment only
Date updated: 02 Apr 2025 22:00:01
More Information
- Total Purchase Price: $1,699,000
- Net Income: $ 277,968
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
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?