Under Contract
PREMIUM SURFERS PARADISE CARETAKING OPPORTUNITY IN BRAND NEW DEVELOPMENT
COAST is a prestigious residential owner-occupier complex on the beachfront at Northcliffe, Surfers Paradise. Soon to complete, this high calibre 39 level tower requires an exceptional operator to manage the building and undertake the caretaking duties.
COAST is a prestigious residential owner-occupier complex on the beachfront at Northcliffe, Surfers Paradise. Soon to complete, this high calibre 39 level tower requires an exceptional operator to manage the building and undertake the caretaking duties. With the security of new 10 year agreement and a sizeable BC salary over $380,000 per annum this is a truly exceptional development requiring a quality caretaker to manage this unique building.
- Net profit
- $384K
- Asking price
- $1.6M
- Management Rights - Caretaking only
The business at a glance.
- Brand new 10 year standard module agreement
- High Body Corporate salary of $384,330 per annum excluding GST
- Stunning high-rise development with 55 apartments over 39 levels
- No requirement to own any real estate in the complex
- Manager's 14m2 office on ground level and multiple storage facilities throughout the building
- Two resort style pools, gym, yoga studio, meditation studio, sauna & steam room, bar & lounge, private dining & landscaped sky gardens
- Reception M-F 8am to 4pm & Sat 8am to 1pm - can be unmanned provided the manager is contactable
- Suited to an experienced Gold Coast-based operator seeking a premium-tier asset with excellent remuneration
- All inspections by appointment only
The asset, the manager unit, the location.
Surfers Paradise, QLD
Surfers Paradise, QLD
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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.
Request appraisalIndicative total$1,652,619
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