Exclusive Permanent Management Rights for Sale - Gold Coast High Rise Resort - $447k+ Net Profit

$4,255,000

Permanent management rights, Surfers Paradise QLD

Exceptional Resort Management Business in a premium Gold Coast Location with a net profit of $447,270.

An outstanding opportunity to acquire a high-performing permanent management rights business in one of the most desirable lifestyle destinations on the Gold Coast. This high-rise resort complex offers exceptional facilities and a rare chance to secure a strong, consistent income.

Key Features:
* High Net Profit: Currently generating an impressive net profit of $447,270 with continued growth through CPI-linked increases.
* Strong Body Corporate Salary: One of the standout features of this business is the exceptional salary circa $40k per month net of GST providing excellent long-term security.
* Resort-Style Facilities: Residents enjoy access to resort amenities, including a resort-style pool/s, gym, BBQ areas, and more all meticulously maintained. * Spacious Managers Unit: Included in the sale is a beautifully appointed 3-bedroom apartment, offering generous living spaces and comfort in a truly stunning setting.
* Staffing: The generous profit and loss includes expenses for common area cleaning and a part time receptionist.

This management rights business is a perfect blend of profitability and lifestyle live and work in one of Australias most iconic coastal locations.

Opportunities of this calibre do not present often, contact Craig today for full details.

Net Profit: $447,270
Property Code: 70

More Information

Financial Overview

Total Purchase Price: $4,255,000
Net Income: $ 447,270 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,750,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 5.6
_{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: 15
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 167
_{Number of units resided in by their owners.}

Lock Ups: 6
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 6
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 194
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 472,162
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 10 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 34 years
_{How long has the management rights existed.}

Office Hours: M-F 8.30am-5pm, Sat 8.30am-12noon
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,750,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

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: 3 Bedroom, 2 bathroom, Separate laundry, Large Courtyard, walk in robe, 2 Car Parks, Airconditioned, size approx. 165m2