Proudly supported by all of the industry's leading brokers
Holiday Management Rights on the Broadwater
$1,640,000
Resort / Holiday management rights, Biggera Waters QLD
Nestled in a prime location overlooking the picturesque Broadwater on the Gold Coast, this easy-to-manage holiday resort offers an exceptional opportunity.
Situated directly across from the stunning Biggera Waters Broadwater, guests enjoy proximity to a variety of restaurants, cafes, childrens playgrounds, Harbour Town Premium Outlets, and the Runaway Bay Super Sports Centre.
The resort features 14 fully self-contained holiday apartments in the letting pool, complete with amenities such as a pool, spa, BBQ area, and secure underground parking.
Designed for low maintenance, this resort requires minimal upkeep with limited lawns, gardens, and facilities. Supported by a cooperative body corporate, the management rights come with 21 years remaining on the agreement.
Adding to this attractive package is the well-priced ground-floor managers unit, which includes two bedrooms, two bathrooms, a spacious courtyard, and one car space.
Contact me today to discuss further and arrange an inspection.
Net Profit: $231,074
Property Code: 44
More Information
- Total Purchase Price: $1,640,000
- Net Income: $ 231,074
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 585,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.6
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.
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?