EXCEPTIONAL GOLD COAST HOLIDAY RESORT NETTING OVER $1M | Resort Brokers ID : MR008248

$7,765,000

Resort / Holiday Management Rights, Surfers Paradise QLD

Opportunities like this do not come along often, do not hesitate to act now.

This blue-chip holiday letting resort in a prime Gold Coast location offers an exceptional net profit of more than $1M from over $3.3M in gross revenue.

Delivering a consistent growth trend through an increasing letting pool, apartment renovations and streamlining the systems and processes, this rock-solid management rights holiday letting business is underpinned by the fact it is zoned tourism only.

With a reasonably priced real estate component to purchase and very low maintenance facilities to manage this truly is an opportunity to secure one of the best resort businesses to come to market for some time.

Astute buyers should be quick to consider this exceptional offering.

- Exceptional net profit of $1.07M+ for last 12 months
- $3.3M in gross revenue showcases potential for business growth and increased return on investment
- Incredible body corporate remuneration of $225K+
- Zoned tourism only with 170+ lets in the letting pool
- Upgraded units and high standard resort facilities enhance guest experience and drive occupancy rates
- 23 years remaining on caretaking and letting agreements
- Real estate includes a two-bedroom manager’s unit, office and gym on title
- Supportive and proactive Body Corporate
- Option for nominee to reside onsite
- Inspections are strictly by appointment only
Date updated: 01 Nov 2024 00:00:03

More Information

Financial Overview

Total Purchase Price: $7,765,000
Net Income: $ 1,070,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,025,000
_{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: 170
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 12
_{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: 22
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 205
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 252,110
_{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: 23 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:

Real Estate Component

Manager's Unit: 1 1

Included Real Estate: $ 1,025,000
_{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: