Discover a premier investment opportunity in the heart of Broadbeach, perfectly suited for experienced active equity managers. This well-established holiday resort, located directly opposite the beach, offers impressive returns and strong growth potential in one of the Gold Coast's most desirable coastal destinations.
This management rights business features Heated Pool, Large Spa, male and female Saunas, Tennis Court, two BBQ Areas, undercover parking and includes 77 fully self-contained apartments. A robust letting pool of 38 units (majority renovated), combined with sharp internal system operations in place ensures solid ongoing income, making this a compelling addition to any portfolio.
A supportive and proactive body corporate also pay for a gardening contractor to maintain all gardens, leaving you to focus on managing and growing your business. In addition to this $30k, has been expensed for a part-time receptionist to assist with front office duties.
A 56% share is available for a hands on couple, requiring an equity investment of $919k (total share cost: $2,518,320). This investment delivers an approximate return of $270k, including managers salary ($120k) and equity return, equating to an impressive 29% ROI.
Additionally, active managers enjoy the benefit of residing in a large two bedroom, two bathroom ground floor unit for personal use (approx. $50k annual value).
With an increase to the BC salary scheduled for August the overall net profit is set to increase even further. With existing silent equity investors committed to the business, confidence in the model remains high.
Don't miss this rare opportunity to secure a lucrative, active management role in one of the Gold Coast's premier management rights buildings.
Net Profit: $270,000 *Approx. based on 56% share
Property Code: 75
