Strong Income + Long-Term Agreements + Rare Title-Backed Office
$2.59M MR&$600K Unit = Total $3.19M
Permanent Management Rights, BIGGERA WATERS QLD
Ras360 presents an exceptional opportunity to acquire a thriving holiday management rights business in a tightly held Broadwater location on the Gold Coast.
Spanning seven levels and centred around a striking internal atrium filled with tropical plants, water features and natural light, the complex includes 66 apartments, 31 of which are currently in the letting pool. These are predominantly short-term lets, with compact layouts that suit holidaymakers over long-term residents, helping maintain a stable and manageable letting pool.
Guests enjoy a range of amenities that enhance their stay while remaining practical for the onsite manager to maintain. These include a rooftop heated pool and spa with stunning Broadwater views, a second pool and spa on the ground level, a full-size tennis court, gym, sauna, and barbecue areas. The facilities are clean, functional and straightforward to service, aligning with the caretaking role and making the day-to-day operations easy to handle without specialist staff.
A major highlight of this offering is the managers residence and office setup. The managers unit features two bedrooms, one bathroom and open-plan living with air conditioning, offering comfortable and private onsite accommodation. Attached to this is a very large reception office and dedicated staff lunch room, all included on title. This substantial footprint not only makes the job more convenient but adds significant value and long-term security to the management rights package.
The current owner is selling due to family circumstances, making this a rare opportunity to take over a well-established and consistently performing business.
With secure agreements in place, a highly desirable waterfront location, and clear potential for future growth.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $2.59M MR&$600K Unit = Total $3.19M
- Net Income: $ 500,450
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 600,000
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?