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Broadbeach Holiday Management Rights - Ocean Views & Prime Position
$1,720,000
Resort / Holiday management rights, Broadbeach QLD
Hotel Resort Sales is offering an outstanding opportunity to secure a well-established management rights business in the heart of Broadbeach, offering exceptional location appeal and strong repeat clientele. This popular complex features a mix of one and two-bedroom apartments, all enjoying beautiful ocean views, complemented by resort-style amenities including a large heated pool, spa, BBQ entertaining area and secure underground parking. This iconic and highly regarded business is currently operated under a Lease-Back Model, with its value positioned accordingly in the purchase price.
The managers residence is a generous 102m unit comprising two bedrooms plus study (or optional third bedroom), one bathroom plus an additional washroom, and captures stunning ocean views, providing both comfort and functionality for onsite living.
Key Features:
* Unbeatable Broadbeach location
* 16 units in the holiday letting pool under a Lease-Back Model
* Strong base of long-term repeat guests
* Heated swimming pool& spa
* BBQ and outdoor entertaining area
* Secure underground parking
* Spacious managers unit with ocean views
Location Highlights:
Positioned directly opposite the patrolled beach and lush parklands, this tightly held Broadbeach complex is just a short stroll to:
* Pacific Fair Shopping Centre, The Star Casino, Gold Coast Convention Centre, and the G:link light rail
* Surrounded by award-winning dining, nightlife, and entertainment
* High local and tourist demand with events like the Blues on Broadbeach and Groundwater Country Music Festival
This is an ideal lifestyle business in one of the Gold Coasts most sought-after precincts. Contact Craig today for further details or tow arrange an inspection.
Net Profit: $264,048
Property Code: 105
More Information
- Total Purchase Price: $1,720,000
- Net Income: $ 264,068
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 975,000
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?