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TOP RATING HOLIDAY COMPLEX PROUDLY OFFERED FOR SALE!
$1,650,000
Resort / Holiday management rights, Surfers Paradise QLD
STUNNING BEACHSIDE LOCATION Solid Performing Holiday Complex with $173K+ Net Profit!
Experience the ultimate beach lifestyle with this exceptional holiday complex located in popular Surfers Paradise, right across the road from the white sandy beach and rolling surf - this hidden gem offers the perfect setting for enjoying the best of the region's shopping, dining and beach activities.
Spectacular sights and sounds, the smell of the ocean, the breezes, the lights of Surfers Paradise by night, sand between your toes - you will enjoy them all in your new home. The spectacle of surfers, swimmers, kite surfers, walkers and joggers, wind surfers, helicopters, yachts, sandcastles and families on the beach. Sunrises, sunsets, thunderstorms and city lights - these are what memories are made of all year round in this prized property.
Not only does this complex offer a spectacular location, it also boasts a proven track record of solid returns for the owners over the past five years, making it the perfect opportunity for those looking to invest in a successful business.
Property Features:
* Directly across the road from sandy white beach and wide blue ocean and award-winning surf club
* Sparkling outdoor swimming pool, heated spa and Swedish Sauna.
* Compact low maintenance grounds
* Pacific Fair & Oasis shopping centres & Star Casino to the south and Tedder Ave, Marina Mirage, Palazzo Versace, Southport Yacht Club & Sea World to the north offering their shopping, dining & entertainment options just a short drive away
* Buses and G-Link just a few minutes walk away
Managers Apartment Features:
* Master & guest bedrooms both with built-ins
* Combined bathroom & laundry plus additional powder room
* Open plan living opening onto large private open entertaining courtyard and also a 2nd undercover entertainment area.
* Well-appointed recently renovated kitchen
* A/C & ceiling fans
* Basement storage area
* Renovations including kitchen, flooring, carpets, curtains and paint
* Exclusive use basement housekeeping & maintenance equipment storerooms
* Managers office with new computer, phone system, security cameras & website
Business Features:
* Excellent business return in excess of 24% with its Net Operating Profit of $173,492
* B/C salary offering a generous $2,381/lot per annum well above the industry average!
* Letting pool of 12 (plus 1 external rent-roll with opportunity to increase)
* B/C owns and maintains all equipment and supplies for caretaking business
* Easily maintained boutique holiday resort with only 24 apts
* Consistent occupancy rates and solid returns year on year
* 9.4/10 rating on & 5/5 on Trip Advisor & Airbnb Super Host
* 25 year agreement with 22 years to run!
* Extremely Supportive B/C committee
* No office hours & no requirement to live onsite
This holiday resort is beautifully maintained and looks absolutely fabulous! As a result of its immaculate presentation and onsite management, occupancy levels and average room rates for this property have remained consistently excellent, with repeat guests loving the beachside location.
Don't miss out on this opportunity to own a piece of Surfers Paradise - book your viewing today!
More Information
- Total Purchase Price: $1,650,000
- Net Income: $ 173,492
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 950,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.0
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.
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?