$16.5 Million Beachfront Giant with 2 Luxury Ocean View Units - ID 9140
$16,500,000
Resort / Holiday management rights, Coolangatta QLD
Mixed Management Rights for Sale
Over $2 Million Net Operating Profit & Includes 2 Retail Offices
- Seize this once-in-decades opportunity to live your best life and earn substantially.
- Enjoy super high body corporate salaries totaling $638,175 plus GST, with CPI adjustments.
- Benefit from more than $2 million in net operating profit.
- Relish beachfront ocean views from modern, deluxe, high-quality buildings.
- Manage a total letting pool of 87 units, including 86 holiday rentals and 1 permanent rental, with 2 lockups, 10 managed by outside agents, and several owner-occupied.
- Achieve a 92% occupancy rate, significantly exceeding the 67% Gold Coast average.
- Rely on more than 15 years of solid foundation laid by the current management team, ensuring everything is in perfect order and operation.
- Gain from two retail commercial offices included in the title, located at street level.
- Own two beachfront luxury modern managers units, featuring stunning ocean views and high-end finishes.
- Enjoy amenities such as air conditioning, a huge balcony facing the beach, fantastic views, and ample storage.
- Experience a central location with convenient access to restaurants, bars, shops, clubs, beaches, parks, public transport, medical facilities, and pharmacies.
- Enjoy a luxurious beachfront lifestyle while making a significant profit in a beautiful, relaxed environment.
This property represents the real paradise of luxurious coastal life and a wonderful fortune-making business, all available for a total selling price of only $16,500,000. This includes two luxury ocean view apartments for the managers and two commercial retail offices, totaling four lots.
Experience the ultimate in oceanfront beauty, a peaceful environment, and prestigious living combined with the convenience of daily life and flawless operations. This all-in-one package presents a rare opportunity that comes once in decades.
Unparalleled in the best part of the Gold Coast. Live your best life and earn substantially. A perfect blend of luxury oceanfront lifestyle and extremely high income. This is a lifetime opportunity. If you're ready to seize it without waiting another decade, call Bill He at 0 NOW.
Net Profit: Over $2,000,000
Asking Price: $16,500,000
(Inclusive of manager's real estate)
More Information
- Total Purchase Price: $16,500,000
- Net Income: $ 2,000,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 3,500,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 6.5
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?