ENJOY BEACHFRONT LIVING WITH A SOLID, HIGH-NET BUSINESS | Resort Brokers ID : MR008214
$2,934,000
Resort / Holiday Management Rights, SURFERS PARADISE QLD
Step into your well-presented two-bedroom, two-bathroom beachfront apartment, where attractions and entertainment are right on your central Gold Coast doorstep. This opportunity extends beyond the idyllic lifestyle. Imagine seamlessly operating a thriving business while basking in the coastal breeze. The synergy of financial success and freedom awaits you, all against the backdrop of a premium beachfront location.
Nestled in the heart of the Gold Coast, this property enjoys the proximity to key attractions, ensuring a steady stream of visitors and patrons. Whether youre an experienced operator or a budding entrepreneur, this venture promises growth and prosperity.
A secure investment with 25-year Accommodation agreements with 19 years remaining and an incredibly high net profit backed by a fantastic body corporate salary of $114,803 with CPI increases, thisproperty offers a consistent mixed letting business with growth potential in a thriving Central Gold Coast hub.
Inspections are by appointment only so call Syd today!
- First-time offering in seven years with a long-term agreement of 19 years
- Located a mere 100m from stunning, patrolled beaches
- Prime location, just steps away from top attractions, restaurants, pubs and cafes
- An excellently maintained building with significant growth potential
- Boasts a healthy sinking fund and a progressive body corporate
- Guests can indulge in the outdoor swimming pool, hot tub and a barbecueentertainment area
- No residency requirement, offering flexibility
- Promising investment opportunity with an impressive return on investment of approximately 15%
- Inspection by appointment only
Date updated: 01 May 2024 01:00:05
More Information
- Total Purchase Price: $2,934,000
- Net Income: $ 446,345
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 650,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
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?