Surfers Paradise
$1,720,000
2
2
1
Management Rights
- 51 Total Units
- Resort/Holiday Complex Type
- 13 Letting Pool
- $108,117 Remuneration
- $241,423 Net Profit
- $850,000 Manager's Unit
- BBQ, Sauna, Games Room, WiFi, Pets Allowed, Pool Features
Property Description
STRONG SALARY - PRICED TO SELL - 3.6 MULTIPLIER
Well-positioned management rights opportunity in central Surfers Paradise. This is a manageable, mixed-use complex with solid income and clear upside - now offered at a compelling 3.6x multiplier. These well-presented apartments offer a balanced mix of holiday and long-term letting in one of the Gold Coast's most established tourism markets. The building comprises 51 lots with a current letting pool of 13. This gives a new operator an easy entry point with genuine room to grow. The property features resort-style amenities including swimming pool, tennis court, gymnasium, and sauna. These facilities support consistent occupancy and strengthen guest appeal, particularly for short-stay demand. The manager's residence is a modern 2-bedroom, 2-bathroom apartment with one car space. The manager's office is accessible internally for added convenience. A secure Body Corporate salary of over $100,000p.a. + GST underpins the income. Agreements are recently topped up within the standard module, with annual CPI increases providing long-term stability. At $1,720,000, this represents genuine value in today's market. The business suits experienced operators, with clear upside through letting pool expansion, improved operational efficiency, and the ongoing strength of Surfers Paradise tourism. Contact Ken now for more information.
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