High Return, Low Stressâ A Smart Buy in Surfers Paradise
$850k MR&$600k Unit = Total $1.45M
, SURFERS PARADISE QLD
Located in the heart of Surfers Paradise, this Holiday complex presents an exceptional entry-level management rights opportunity, perfectly suited to a first-time operator seeking both income and lifestyle. With a net profit of approximately $208,000 and a return on investment of around 15%, this business offers strong financial performance with clear potential for growth.
The complex includes 36 units, with 22 currently under management13 holiday let and 9 permanent. The property enjoys consistently great occupancy and a loyal base of returning guests, with a 9.0 guest satisfaction rating on Booking.com. Theres also room to expand the letting pool by converting more units from outside agents or shifting permanent rentals into the holiday poolan ideal strategy if profit growth is your priority.
The business is simple and flexible to run, with no set office hours and only contactable requirements, making it ideal for a solo operator or couple. The caretaking agreement, under the accommodation module, has 21 years remaining, ensuring long-term security.
The managers residence is a comfortable ground-floor, two-bedroom, one-bathroom apartment with a separate laundry and on-title office. The complex features a swimming pool, BBQ area, and tropical gardens that attract guests year-round.
For a handy or proactive buyer, theres further income potential through additional maintenance or body corporate tasks outside the scope of the caretaking agreement. This flexibility makes it an excellent fit for those wanting to be involved and grow revenue hands-on.
With its unbeatable location, strong repeat business, and value-adding opportunities, this opportunity is the perfect launch pad into the management rights industryoffering lifestyle, income, and room to grow.
More Information
- Total Purchase Price: $850k MR&$600k Unit = Total $1.45M
- Net Income: $ 0
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This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
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.
Are there any set office hours stipulated in the contract?
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?