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Broadbeach Holiday Resort with Stunning 3 Bedroom Unit
$2,820,000
Resort / Holiday management rights, Broadbeach QLD
Are you seeking a thriving holiday management rights business in the heart of Broadbeach, Australia's premier tourism destination? Combine this with a net return exceeding $380k and a beautifully renovated, open-plan 3-bedroom manager's residence, then this is the business for you!
This exceptional holiday resort has been meticulously developed by long-term owners, earning outstanding reviews and fostering a loyal base of returning guests. The business features a mix of two and three-bedroom units, with 21 holiday units and 2 permanent rentals included in the letting pool.
Guests enjoy resort facilities, including a heated outdoor pool and spa, a full-size tennis court, two saunas, two BBQ areas, a games room, and secure underground parking.
With a strong net return exceeding $380k and $24k allocated for a part-time staff member to assist with operations, new owners can enjoy a well-balanced lifestyle.
Broadbeach is renowned for hosting vibrant events such as the Blues and Country Music Festivals. Its prime location offers unparalleled convenience, with lively dining and entertainment options, Pacific Fair Shopping Centre, the G: Link tram, The Convention Centre, The Star Casino and world class beaches all within walking distance.
Opportunities like this, featuring a modern and spacious three-bedroom residence, are rare. Call me today to discuss this exceptional offering!
Net Profit: $383,829
Property Code: 60
More Information
- Total Purchase Price: $2,820,000
- Net Income: $ 383,829
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 980,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.8
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?