Exclusive Beachfront Holiday Resort in Main Beach

$3,200,000

Resort / Holiday management rights, Main Beach QLD

Seize the chance to acquire the management rights for this prestigious high-rise resort located in the vibrant heart of Main Beach. This luxury property, just steps from the pristine shoreline, offers an exceptional blend of convenience and opulence.

The resort features a selection of beautifully appointed 1, 2, and 3 bedroom apartments, most offering panoramic ocean vistas, this resort epitomizes seaside opulence. Indulge in resort-style living with a wealth of amenities including a fully heated pool, invigorating spa, rejuvenating steam rooms, alfresco BBQ area, and a full-size tennis court. Guests seeking the ultimate holiday sanctuary will find it here, complete with complimentary underground parking for added convenience.

A supportive and proactive body corporate also pay for a gardening contractor to maintain all gardens, hedges and lawns, leaving you to focus on managing your business.

Your new lifestyle includes a renovated ground floor manager's unit, featuring two bedrooms, two bathrooms, high ceilings, and a spacious courtyard.
Live and work in paradise with the beach just steps away, and a diverse selection of restaurants, cafes, and shopping options within easy reach. Plus, enjoy close proximity to both Southport Yacht Club and Surf Life Saving Club.

With the flexibility of NO set office hours, an impressive net profit of $420,631, generous body corporate remuneration, and significant potential for business growth including 25 units currently under lock up, this management rights opportunity is not to be missed.

Take the next step towards realizing your dreams of coastal living and entrepreneurial success, call me today to find out more.

Net Profit: $420,631

More Information

Financial Overview

Total Purchase Price: $3,200,000
Net Income: $ 420,631 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,100,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 5.0
_{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: 37
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 35
_{Number of units resided in by their owners.}

Lock Ups: 25
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 103
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 177,922
_{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: 35 years
_{How long has the management rights existed.}

Office Hours: No Set Office Hours, but holiday hours observed for holiday let
_{Required Office Hours}

Complex Features: Pool fully heated, outdoor spa both pool and spa heated, tennis court, steam rooms, BBQ Entertainment area, Underground secure parking

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,100,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

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: 2 Bedroom, 2 Bathroom renovated ground floor unit, 1 Car Park