Beachfront Holiday Complex Surfers Paradise

Management Rights Business For Sale

Stunning beachfront location, this management rights offers great potential to increase its current net profit

• 28 floor tower, resort style quality, 106 unit complex with only 27 units in the letting pool
• Major building refurbishment completed recently
• Reap the profit, being sold as a permanent complex however convert back to holiday after Covid-19. Was netting mid $400,000 with holiday letting
• Located close to Surfers Paradise hub, restaurants, cafes, bars and tourist attractions
• Light rail station just metres away
• Spacious 2 bedroom managers residence with ocean views
• Nearby office on title with private back office
• Body Corporate remuneration $200,000
• Body Corporate cleaners and maintenance person included in expenses
• Resort facilities

Net Profit: $281,298
Real Estate price: $595,000 including office / reception

Property Code: 538