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Beachside position, year-round demand
$900K MR&$850K Unit = Total $1.75M
Resort / Holiday Management Rights, MERMAID BEACH QLD
Positioned in one of the Gold Coasts most desirable beachside pockets, Beaches on Wave presents an outstanding Management Rights opportunity with strong fundamentals and exceptional upside.
The complex comprises 36 units, including 17 in the letting pool, 11 managed by outside agents, and 6 owner occupierscreating immediate growth potential for an incoming operator to expand the letting pool and drive revenue. With fully topped-up 25-year agreements (Accommodation Module), the business offers exceptional long-term security and stability.
The managers residence is a modern, spacious ground-floor apartment with a generous floor plan. Currently, the owners operate the business offsite and keep the unit in the letting pool, highlighting the flexibility of the business model as there is no requirement to reside onsite. A separate office is conveniently located, and no set office hours allow operators the flexibility to manage their time and grow the business as they see fit.
The location is exceptionaljust 200 meters from Nobbys Beach Surf Life Saving Club and approximately 100 meters to pristine surf beaches, with vibrant cafs, bars and restaurants all within easy walking distance. The nearby G:link Gold Coast Light Rail further enhances accessibility and appeal for guests.
Lifestyle, flexibility, and genuine business upsideBeaches on Wave delivers it all.
Opportunities with this level of potential and location are rarely available. Enquire today to arrange your inspection.
**Ras360 Specialists in Motels | Hotels | Pubs | Parks | Management Rights **
More Information
- Total Purchase Price: $900K MR&$850K Unit = Total $1.75M
- Net Income: $ 194,014
(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