Proudly supported by all of the industry's leading brokers
Premium Holiday Management Rights Opportunity - Over $650K Net
POA
Resort / Holiday management rights, Surfers Paradise QLD
Hotel Resort Sales exclusively presents a chance to secure a high-performing management rights business in one of the Gold Coasts most iconic holiday management rights buildings.
The complex features a mix of one and two-bedroom fully self-contained apartments, with 45 in the letting pool (23 holiday and 22 permanent). This business delivers impressive returns, boasting a net profit of over $650k.
An allocation of over$60k has been factored into the figures to provide the incoming management team with flexibility to enhance staffing levels, such as front office or maintenance personnel.
Included is a substantial body corporate salary of over $348k and excellent long-term security, with 23 years remaining on a 25-year agreement.
Supported by a proactive and cooperative Body Corporate, the current managers have implemented efficient systems, ensuring a smooth and seamless handover for incoming operators.
Also included in this sale is a 2-bedroom, 2-bathroom managers apartment with a separate spacious office on title.
Guests enjoy premium resort facilities including:
- Indoor and Outdoor Pools
- Two Spas, Gym, Sauna BBQ & Entertainment areas
- Rooftop BBQ area
This management rights ticks all the boxes, opportunities of this calibre are rarely available. Call Craig to find out more.
Net Profit: $651,659
Property Code: 83
More Information
- Total Purchase Price: POA
- Net Income: $ 651,659
(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