Own a legacy of success with boundless growth potential and a business that stands out from the rest.

$10.972M MR&$1.325M Unit = Total $12.297M

Permanent Management Rights, BROADBEACH QLD

This is a unique opportunity to own and operate one of the Gold Coasts most iconic management rights businesses. Located just 150 metres from the beach, this high-rise complex, is a recognised landmark in one of Australias fastest-growing regions.

The property boasts a verified net profit of $1,650,000 for FY 2024, underpinned by diverse income streams including holiday and permanent letting, body corporate agreements, and other value-added services.
featuring swimming pools, a spa, a sauna, a gymnasium and BBQ areas.
Secure access is provided via passenger lifts, ensuring convenience and safety for guests and residents alike.

The dual-key managers residence offers a two-bedroom, one-bathroom apartment and a one-bedroom, one-bathroom apartment, each with its own kitchen and bathroom, connected by a shared foyer. Additionally, the management facilities include a large, on-title office and reception area and multiple storage areas.

This complex represents a blend of financial stability and growth potential. With the Gold Coast continuing to experience rapid development, attracting tourists year-round and ensuring strong occupancy rates. This is an exceptional chance to leverage the iconic status of this unique building, expand the letting pool, and modernise units to maximise returns.

This is more than just a business; it is an enduring symbol of the growth and success of the Gold Coast

More Information

Financial Overview

Total Purchase Price: $10.972M MR&$1.325M Unit = Total $12.297M
Net Income: $ 1,650,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,325,000
_{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.}

Letting Business

Letting Pool: TBC
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

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

Caretaking

Remuneration: $ 385,000
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 0 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours:
_{Required Office Hours}

Complex Features: 0

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,325,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 4

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: