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Prime Gold Coast Management Rights with Growth Potential and Flexible Operation
$2.250M MR&$700K UNIT = Total $2.950M
Resort / Holiday Management Rights, SURFERS PARADISE QLD
Surf Parade Resort is a standout opportunity to secure a thriving management rights business in one of the Gold Coasts most enviable locations, perfectly positioned between the sought-after lifestyle hubs of Broadbeach and Surfers Paradise. This well-maintained, 98-unit complex comprises fully self-contained one-bedroom holiday apartments, offering guests the perfect blend of comfort, convenience and coastal charm.
Each apartment features a full kitchen, spacious living and dining areas, private balcony or patio, in-room laundry, spa bath, air-conditioning, Wi-Fi and secure parking, making them ideal for couples, solo travellers and corporate guests seeking a stress-free beachside getaway.
Highly popular with holidaymakers, the resort is just a short stroll from patrolled beaches, light rail, vibrant restaurants, cafs, nightlife and major shopping centres. Guests also enjoy outstanding onsite facilities including a heated swimming pool, spa, sauna, gym, BBQ area and poolside cabanas with walk-in showers.
The business currently manages 27 apartments in the letting pool, with 20 additional units under outside agents, presenting an immediate opportunity to expand the letting pool and increase revenue. With current occupancy at 64 per cent, there is substantial upside for a motivated operator to drive performance through improved guest engagement and pool conversion.
Operations are streamlined with flexible office hours at the managers discretion, an on-title managers office and multiple large storage areas to support efficient day-to-day management.
With a strong net profit, prime location and clear pathways for growth, Surf Parade Resort is a blue-chip lifestyle business offering excellent value and long-term upside in one of Queenslands most iconic beach destinations.
More Information
- Total Purchase Price: $2.250M MR&$700K UNIT = Total $2.950M
- Net Income: $ 423,881
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 700,000
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?