Boutique Luxury Resort with 520k Net - Prime Beachfront Location

$4,600,000

Resort / Holiday management rights, Surfers Paradise QLD

Heres your chance to own a thriving management rights business right on the beach!

Offering a rare opportunity to combine lifestyle with profit, this well-established beachfront business is a must see.

With consistent bookings, strong occupancy rates, and a solid reputation for excellent service, this business delivers.

With a healthy 19.5 years remaining on the 20 agreement, a strong supportive Body Corporate the business generates a robust net profit of $520k per annum. Plus, theres potential opportunity to increase the net profit further by securing the 9 lock up apartments back into the letting pool.

Guests can indulge in amenities such as a heated outdoor pool, BBQ areas not to mention the direct oceanfront access.
This exceptional package includes a spacious renovated managers residence featuring an air-conditioned 3-bedroom, 2 bathroom apartment with 1 car space, plus stunning beach views.

Enjoy direct beach access and the perks of working where others vacation, all while capitalising on the regions growing tourism demand. Whether you're expanding your portfolio or seeking a rewarding coastal change, this business is perfectly positioned for success.

Call me today to discuss this incredible opportunity.

Net Profit: $520,000

Property Code: 57

More Information

Financial Overview

Total Purchase Price: $4,600,000
Net Income: $ 520,000 (projected)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,600,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 5.8
_{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.}

Letting Business

Letting Pool: 20
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 4
_{Number of units resided in by their owners.}

Lock Ups: 9
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 33
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 105,540
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 20 years
_{How long is the caretaking contract.}

Agreement Remaining: 19 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 43 years
_{How long has the management rights existed.}

Office Hours: Mon-Fri 9am-5pm, Sat 9am-12noon
_{Required Office Hours}

Complex Features: Heated Pool, BBQ Area, Undercover Parking, Direct Oceanfront

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,600,000
_{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: 3 Bedroom, 2 Bathroom, 1 Car Park + Large Storage Cage