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Prime Location, Large Income and Sustainable Business in Broadbeach
$2mil Business + $850k Unit = Total $2.850mil
Resort / Holiday management rights, Broadbeach QLD
NEXT Realty is proud to present this exceptional Broadbeach opportunity, delivering a net return $400,942, a rare combination of lifestyle and investment. Located in the heart of Broadbeach, the resort offers great accommodation at an affordable guest price point. The current owner has successfully operated the business for the past eight years, supported by a proactive Body Corporate with a proven history of top-ups.
Broadbeach is renowned for its vibrant events, including the annual Blues and Country Music Festivals, while its unbeatable location offers easy access to Pacific Fair Shopping Centre, The Star Casino, Pristine beaches, Gold Coast Link tram, Convention Centre, and a diverse range of dining and entertainment.
- Manageable letting pool, 27 holiday apartments with a mix of one and two bedroom self-contained apartments
- Great resort facilities, pool and spa and secure underground parking
- Good caretaker remuneration $81,506 with an increase of CPI every September
- Long agreement of 22 years left on the accommodation module
- Spacious manager residence with office, 2 bedrooms, 2 bathrooms, balcony and 2 Carparks
Seeking a thriving holiday management rights business in the heart of Broadbeach, one of Australia's most sought-after tourism destinations? Contact David Jiang to learn more about the great management rights business opportunity!
More Information
- Total Purchase Price: $2mil Business + $850k Unit = Total $2.850mil
- Net Income: $ 400,942
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 850,000
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?