Beachfront Beauty Located in Broadbeach

$4,497,000

Permanent management rights, Broadbeach QLD

Hotel Resort Sales is proud to present a premium management rights opportunity in the heart of Broadbeach one of the Gold Coasts most sought-after locations. Perfectly positioned directly opposite the beach, this well-established holiday resort delivers impressive returns and long-term growth potential.

The complex boasts outstanding resort facilities including a heated pool, large spa, male andfemale saunas, tennis court, two BBQ areas, and undercover parking. The business includes 77 fully self-contained apartments, with 38 in the holiday letting pool most of which have been renovated. Efficient internal systems and procedures are already in place, ensuring consistent performance and income.

The proactive and supportive body corporate engages a contractor to maintain the gardens, allowing you to concentrate on business operations. An additional $30,000 per year is allocated for a part-time receptionist to support day-to-day front office tasks.

Included in the sale is a spacious, well-appointed two-bedroom, two-bathroom managers residence on the ground floor, complete with a private courtyard, one secure car space, and additional storage.

With a body corporate salary increase scheduled for August, the already strong net profit is set to rise further.

This is a rarechance to secure a lucrative beachfront management rights business in one of Broadbeachs premier locations.

Net Profit: $625,410
Price: $4,497,000

Property Code: 74

More Information

Financial Overview

Total Purchase Price: $4,497,000
Net Income: $ 625,410 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,060,000
_{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.}

Letting Business

Letting Pool: 38
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 77
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 124,930
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 17 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 43 years
_{How long has the management rights existed.}

Office Hours: Mon-Fri 8.30am-4pm, Sat 9am-11am
_{Required Office Hours}

Complex Features: Pool, Spa, Sauna, Tennis Court, BBQ Area, Undercover Parking

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,060,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: 2 Bedroom, 2 Bathroom ground floor unit with a courtyard, 1 carpark and basement storage