Surfers Paradise Mixed Management Rights - $108,117 Body Corporate Salary | Resort Brokers ID : MR009135

$1,860,000

Resort / Holiday Management Rights, SURFERS PARADISE QLD

Genesis Apartments delivers a compelling management rights opportunity in the heart of Surfers Paradise, combining strong body corporate remuneration of $108,117 with a 13-unit letting pool generating net profit of $241,243. This 51-lot, 16-storey complex operates under a fresh 10-year caretaking agreement commencing 2026, providing long-term security and CPI-linked salary increases. The business suits first-time operators seeking a manageable entry point or experienced managers wanting a straightforward add-on operation with minimal hands-on requirements.

The resort-style complex features two outdoor swimming pools (one heated), heated spa, male and female saunas, gymnasium, games room, tennis courts and covered barbecue areas. Light caretaking duties and minimal garden maintenance create an achievable workload, while month-to-month letting agreements provide operational flexibility. The package includes a large two-bedroom, two-bathroom manager's unit with two toilets and one car space for $850,000.

Located within walking distance to Surfers Paradise beach and local attractions, this business offers balanced income streams from both caretaking and letting operations, with nine outside agent appointments presenting immediate growth potential.

Priced at $1,860,000 total ($1,010,000 business, $850,000 unit) for a 13% return.

Prime Surfers Paradise location within walking distance to the beach and local attractions.
Resort-style facilities including two swimming pools (one heated), heated spa, saunas, tennis court, gymnasium and games room.
Mixed letting model combining caretaking and letting income streams for diversified revenue.
16-storey apartment building with 51 lots and established resident owner base.
Minimal garden maintenance requirements reduce operational workload.
Ideal for first-time operators or as a manageable add-on business for experienced managers.
Inspections by appointment only.
Date updated: 19 Apr 2026 23:00:04

More Information

Financial Overview

Total Purchase Price: $1,860,000
Net Income: $ 241,243 (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.}

Letting Business

Letting Pool: 13
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 20
_{Number of units resided in by their owners.}

Lock Ups: 9
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 9
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 51
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 108,117
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 10 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Mon - Fri: 8.30am - 5.00pm; Sat: 8.30am - 2.00pm; Sun 9.00am - 11.00am
_{Required Office Hours}

Complex Features: 2 x outdoor swimming pools (1 heated, 1 unheated), heated spa, male and female sauna, gymnasium / fitness centre, games room with pool table, table tennis and video games, large covered BBQ area, 2 xÂ½ tennis courts