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Rare Surfers Paradise Gem with Stunning Managers Unit
$390K MR&$910K Unit = Total $1.3M
Permanent Management Rights, SURFERS PARADISE QLD
For the first time in 13 years, the tightly held Copacabana management rights are being offered to the market. Positioned in the vibrant heart of Surfers Paradise, this boutique three-star complex combines lifestyle and profitability in one of the Gold Coasts most iconic locations.
Just moments from the beach, attractions and an array of dining options, Copacabana consistently enjoys strong occupancy and long-term demand. The residence itself is a beautifully renovated two-bedroom, two-bathroom apartment with secure parking, providing an exceptional onsite living environment.
The supportive Body Corporate ensures smooth day-to-day operations, with agreements fully topped up to 10 years, giving security and peace of mind to the incoming manager. The complex features 45 units in total, with 19 currently under management. Approximately 56 units are in the holiday letting pool, with the remainder held as permanent rentals. This balance delivers stability alongside clear upside to grow the holiday letting pool further.
Financially, the business is underpinned by a reliable Body Corporate salary of $74K plus CPI increases, and a proven net profit of $125K.
This opportunity will suit a range of buyers. First-time operators will appreciate the supportive committee, manageable scale and secure agreements, while experienced operators will value the growth potential and prime location. With its excellent returns, lifestyle benefits and rarity of availability, Copacabana represents an outstanding entry-level management rights business in the heart of the Gold Coast.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $390K MR&$910K Unit = Total $1.3M
- Net Income: $ 125,174
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 910,000
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?