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Magnificent Beachfront Opportunity - ID 8922

$3,300,000

Holiday Management Rights For Sale

Priced to market, only 4.2 multiple and showing 15% total return

 

- Body Corporate salary over $100,000

- Building fully renovated

- Long standing managers moving on

- Agreements to be topped up to 10 years prior to settlement

- Large reception and office on title

- Healthy sinking fund of over $800,000 with very little capital works in the pipeline

- Very organised and well run complex, detailed systems in place for the new manager

- Impressive 2 bedroom residence (valuation available to approved purchasers)

- All units have uninterrupted ocean views

- Excellent Body Corporate and proactive committee

 

On offer is an iconic high rise building located in the established ocean side suburb of Burleigh Heads, just across the road from one of the best beaches on the Gold Coast.

 

The location and the building facilities, generate a large amount of repeat business.

 

Net Profit: $501,187

Asking Price: $3,300,000

(Inclusive of Manager's Real Estate)

 

For further information or to arrange an inspection of ths Gold Coast Management Rights Business for sale contact:

 

Management Rights Brokers:

 

Gerard Dixon & Phil Trimble

Price $3,300,000
Location Burleigh Heads
Property ID 8922

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