Surfers Paradise
$1,786,000
2
2
1
Management Rights
- Permanent Complex Type
- $138,784 Remuneration
- $186,732 Net Profit
- $1,200,000 Manager's Unit
- BBQ, Sauna, Pets Allowed, Pool Features
Property Description
CENTRAL SURFERS PARADISE WITH WATER-VIEW RESIDENCE
Proudly presenting this attractively priced (3.1 multiplier) and extremely well-positioned permanent management rights business in the heart of Surfers Paradise. This established, medium sized apartment building offers an excellent opportunity for an owner-operator or couple seeking a Gold Coast management rights business with a strong lifestyle component and future growth potential. The business is supported by long-term agreements with approximately 22 years remaining. The Body Corporate salary is approximately $138,000 per annum (plus GST), reviewed annually in line with CPI, and provides a reliable income base against the total net profit of approximately $186,000. Whilst the current letting pool of 14 permanent rentals is comprised of 1-bedroom and 2-bedroom apartments, there is significant potential to grow the business's profit. Firstly, by transitioning those rentals into short-term letting and secondly by acquiring a further 15 lots within the building, presently let by external agents. A key feature of this offering is the manager's residence, being a 2-bedroom, 2-bathroom, 1 Car apartment with beautiful water views. This provides a highly desirable lifestyle base in one of the Gold Coast's most recognised coastal locations. Featuring a range of onsite facilities including a swimming pool, spa, sauna, BBQ area and tennis court. Offering strong appeal for residents, potential holidaymakers, and supporting continued rental demand. Located in highly sought-after Surfers Paradise, and positioned close to beaches, shops, restaurants, public transport, entertainment and other world class attractions the Gold Coast is famous for. This is a quality Surfers Paradise management rights opportunity combining business income, lifestyle appeal, future growth potential and a water-view manager's residence. Enquire today for further information with Selina Zhong.
Your Trusted Management Rights and Resort Sales Brokers
