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Currently as Management Rights achieving 16% ROI on Purchase Price and 27% ROI on the Business!!
Potential Development Site
Resort / Holiday management rights, Surfers Paradise QLD
This complex is located only meters from the golden beaches of Surfers Paradise and is in a tropical garden setting. Currently the complex facilities mean one can enjoy the best the Gold Coast has to offer all year round.
The potential abounds with this complex in that it is situated in the Gold Coast priority development zone area.
Ripe for Re-Development!!
Future development potential - RD8 High Density Residential with potential for 153 beds.
Unlimited height restriction depending on setbacks - Height of future development subject to council approval.
This site currently operates as a Management Rights three storey walk up complex, and is 2024m2 of true development potential in the priority development area of Surfers Paradise.
All 18 lots and the Management Rights are offered for sale in one line.
Current net profit on the Management Rights business in excess of $300,000 p/a.
To contact exclusive listing agent and arrange an inspection call: Gavin - 08854 or email: admin@
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
More Information
- Total Purchase Price: Potential Development Site
- Net Income: $ 300,000
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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