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Under Contract

HIGH QUALITY, BUSINESS ONLY, PERMANENT MLR WITH NOP OVER $300K

ResortBrokers is delighted to offer to the market a premium business-only management and letting rights in the heart of the Gold Coast nestled between Broadbeach and Surfers Paradise. The near-new high rise has over 80 apartments and boasts 24 years on the agreements and a BC salary close to $200,000 p.a.

ResortBrokers is delighted to offer to the market a premium business-only management and letting rights in the heart of the Gold Coast nestled between Broadbeach and Surfers Paradise. The near-new high rise has over 80 apartments and boasts 24 years on the agreements and a BC salary close to $200,000 p.a. A freehold office lot provide additional security, along with operational flexibility as there are no set office hours and no requirement to live on-site. Be quick to enquire about this high calibre building that has so much potential for hands-on managers to grow and make their own.

Net profit
$313K
Asking price
$1.9M
Management Rights - Business only

The business at a glance.

  • Net profit over $300,000 and Body Corporate salary c. $200,000 p.a. with annual CPI increase
  • Stunning high rise building with views of the Surfers skyline
  • Fully established permanent management rights with no set office hours
  • Ideal for add-on no requirement to live onsite and no apartment to purchase
  • 24 years remaining on Caretaking and Letting agreements
  • Freehold office on title 17sqm giving you voting rights on the committee
  • Superb resort-style facilities including gym, pool, sauna, lounge area and low-care gardens
  • Rooftop amenities include lounges, board room, private dining and outdoor seating
  • All inspections by appointment only
HIGH QUALITY, BUSINESS ONLY, PERMANENT MLR WITH NOP OVER $300K

The asset, the manager unit, the location.

Surfers Paradise, QLD

Surfers Paradise, QLD

Talk to the brokers.

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Nathan Bock

Nathan Bock

Specialist Accommodation Broker, Central Gold Coast

0412 634 277

Contact
Alex Cook

Alex Cook

Director of Management Rights

0467 600 610
07 3878 3999

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Run the numbers yourself.

Same model our brokers use to appraise. Adjust net profit, multiplier, real estate component. The result is indicative — independent appraisal available on request.

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Indicative total$1,846,759

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