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Hold, Operate, Capitaliseâ MR Business with Development Potential
$380K MR&$795K Unit = Total $1.175M
Permanent Management Rights, SURFERS PARADISE QLD
An exceptional opportunity to acquire the management rights to a tightly held complex in the heart of Surfers Paradise combining reliable income, flexible lifestyle, and a serious capital gain play.
The business produces a net profit of approximately $80,000 per annum, anchored by a $56,799 Body Corporate salary and ten of twenty-two units in the letting pool. Day-to-day workload is minimal, supported by a full inventory of caretaking equipment. The onsite office is on title, with no fixed office hours offering operational freedom rarely found in this price bracket.
Included in the sale is a renovated, well-priced managers unit, adding further value and comfort for the incoming operator. With several units currently sitting outside the letting pool, there is huge potential for growth and to increase occupancy, further boosting returns with minimal additional effort.
The complex is just a short stroll from Surfers Paradises iconic beach, giving it strong appeal to both long-term tenants and holiday guests alike.
What makes this opportunity truly compelling is the future development potential of the site. The complex has already attracted unsolicited interest from developers, and with its prime location, theres every likelihood the site will be acquired and redeveloped in the short-medium term. This positions the management rights operator to capitalise not only on the steady income, but also on the increased value of their apartment and the management rights assignment if a sale occurs. Its a rare chance to operate a low-effort business while holding a valuable long-term asset.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $380K MR&$795K Unit = Total $1.175M
- Net Income: $ 80,000
(actual)
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
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