Income, Lifestyle, and Sunny Beachside Living
This fantastic property is located on the Southern Gold Coast beach town of Coolangatta. This holiday apartment complex is located in one of the greatest surfing beaches of the world and offers a resort lifestyle, just minutes form the Gold Coast International Airport.
Located in an extremely popular, trendy and relaxed holiday destination, this complex offers the managers a lucrative income and a beach town lifestyle. The resort has a good number of holiday and long terms rentals and a loyal repeat client base. Rainbow Bay is one of Australia’s most popular surfing beaches and the complex offer 2 Bedroom Standard and Deluxe Apartments – fully self contained. The complex has a swimming pool, BBQ area and it is located within 2 minutes walk to the beach.
The Managers Unit
A private unit with 2 bedrooms, 2 bathrooms, open plan living and dining, kitchen, and courtyard. The unit offers plenty of storage and a lock up car port for 1 car. This is a great unit and the complex allows pets .
A rather relaxed management rights operation with lucrative income and a fantastic lifestyle. There are no set office hours in the agreement allowing the managers the flexibility to run their business as they see fit. An after-hours letterbox for incoming guests allows for further flexibility.
The management rights owners income is composed of holiday booking income, long term rental management commissions and caretakers salary. This is a 3-story walk up complex.
Agreement term: 25 years and agreement remaining: 21 years. Able to be topped up in 5 year increments.
Units In Complex: Letting Pool: 17 units
Remuneration $53,000 + GST
Net profit $176,000, Managers Unit Unit $675,000, Management Rights $735,000. Total Asking Price $1,410,000.
The outgoing managers will offer extensive training and a lengthy handover to the new owners.
Call us now!
For more information and to arrange your private viewing, please contact our specialist Management Rights Broker, Dilan De Silva.
Please refer to www.tourismproperties.com for more information.If you would like to know more about this opportunity, please register on our website, and then navigate to the Documents tab on this listing, and request access to the confidential information therein, thank you.