Rare Surfers Paradise Holiday Management Rights - 2 Multiplier on Business with Strong Upside

Price: $1,200,000

Net profit: $204,652

Rare Surfers Paradise Holiday Management Rights - 2 Multiplier on Business with Strong Upside

An outstanding opportunity to acquire a boutique holiday management rights business in the heart of Surfers Paradise, offering a rare and highly attractive 2 multiplier on a net profit exceeding $204k.

Positioned within a well-maintained three-storey walk-up complex, this business combines strong existing income with significant potential for future growth. The complex enjoys a peaceful location while remaining within easy walking distance of the beach, light rail, shopping, dining and major Gold Coast attractions.

Significant Growth Potential - One of the key attractions of this opportunity is the ability to substantially increase income by expanding the onsite letting pool. Fifteen units are currently managed by external agents, presenting a clear pathway for a proactive operator to increase revenue and profitability over time.

With a current Body Corporate salary of $82,841 plus GST, increasing annually in line with CPI, and management agreements secured for 22 years, the business offers both security and long-term income stability.

The manager's residence is the only two-bedroom, two-bathroom apartment within the complex. It features a bonus of two car spaces, plus a separate spacious attached office, private backyard, providing both comfort and practicality.

Business Highlights:

* Net Profit: $204,652
* Business Multiplier: 2
* Body Corporate Salary: $82,841 + GST
* Annual CPI Increases
* 22 Years Remaining on Agreements
* Strong Letting Pool Growth Potential
* Easily Managed Boutique Complex
* Low-Maintenance Operation

The Complex - This attractive holiday complex features predominantly one-bedroom apartments, making it popular with holidaymakers and easy to manage from a letting perspective. The low-maintenance gardens and resort-style facilities contribute to a streamlined operation with minimal workload.

Net Profit:  $204,652

 

Details

Suburb Surfers Paradise
Price $1,200,000
Property Type Business
Property ID 127
Category Accommodation/Tourism

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What our clients say

Dealing with Hotel Resort Sales was the best decision we made selling our management rights. Craig and Rebecca have exceptional market knowledge their communication is very strong and always available...

Cheryl & Jeff Hislop

Well, a big thankyou for the gift. Also a big thankyou for the time and effort you put into securing the sale of Oxford Mews Rebecca and Craig. As I have said many times, there are sales people and then...

Russell & Rosemary Farquhar

Thanks so much for your gift and we love it so much! And I really appreciate all your support to me. You always try your best help me to find the solutions for various of problems during the purchase....

Ashley

Craig Johnson recently completed the sale of our Management Rights at Albatross North, Mermaid Beach, Gold Coast.  From commencement to completion, it was a pleasure doing business with Craig (with...

Ross Given & Jac Pearman

Rob and I decided to sell our Managements Rights Business in Burleigh January 2023 and chose Craig to be our agent.  So glad we did!Craig and his team were always in contact with us through every...

Rob & Betty

We high recommend Craig Johnson for his professionalism and honesty. Knowing Craig personally through business for eighteen years prior to selling our share of the Management...

Carolyn & Wayne