Short term gem, an absolute stunner Asking price: $4,200,000
Business Overview:
Lucrative Letting Pool: 18 of the 33 total lots are currently in the holiday letting pool.
Strong Body Corporate Salary: Earn a base remuneration of over $122,000 (inclusive of GST).
Supportive Committee: The complex features a proactive and approachable Body Corporate and committee.
Efficient Operations: Uses the Resly property management system.
Long-Term Security: Agreements have 20 years remaining.
Manager’s Residence: Impressive, air-conditioned 3-bedroom, 2-bathroom ground-floor apartment with absolute beach and ocean views.
Office & Reception: Dedicated office and reception area are on title and detached from the residence.
Business Performance: Estimated net profit of $470,000 with a return on investment of over 11%.
Lifestyle & Location: Iconic high-rise complex with direct beach access via a private, secure gate.
Long Standing Managers: Managers wish to consolidate and move to their next business adventure.
Premium Beachfront Appeal: Absolute beachfront location and resort facilities to attract consistent holiday guests.
Tourist Destination: Provides guests quick access to the Pacific Fair Shopping Centre, casino, and major festivals.
Revenue Opportunities: There is the potential to earn additional income through tour desk services and providing further services to owners and guests.
Stable Business Model: This offering provides a unique blend of a highly stable business model in a sought-after area and a premium coastal lifestyle.
This is an exceptional opportunity. Holiday management rights are often viewed as an attractive income stream for those seeking both lifestyle and business opportunities. Because this business is priced based on a multiplier of its verified net profit, your operational management, such as enhancing the letting pool or optimising maintenance, is key to the business's ongoing success and potential value.
Net Profit: $ 470,000 | Asking Price: $ 4,200,000 (Inclusive of Manager's Real Estate)
