A rare opportunity to secure the Management Rights and associated real estate to Rolling Surf Resort, a true holiday complex boasting an absolutely beachfront position, just 1hr drive north of Brisbane. Located in the glorious suburb of King's Beach in Caloundra, and comprising a total of 74 apartments with 54 apartments the short-stay letting pool, this property is a beautifully presented and in a prime holiday location.
Offering long tenure on the Caretaking and Letting Agreements (currently 23 years), this strong-performing Management Rights has a recently verified net profit of c. $700,000 per annum, underpinned by a Body Corporate salary of c. $180,000 per annum. The business is currently managed by a long-standing onsite management couple with the assistance of front office staff, housekeeping supervisor and casual cleaner and maintenance contractors.
Rolling Surf offers excellent guest facilities including 60M swimming pool (30M heated), games room, gym, sauna and two BBQ areas. The manager’s lot includes a spacious and sunny 2-bedroom managers apartment, as well as reception, office, games room and gym. The additional freehold ownership adds to the long-term security of the business
Impressively managed, superbly positioned this is your chance for an astute operator to secure a premier short-term complex with a strong net profit. Although a strong and solid performer, there is significant upside potential through occupancy / ADR growth, as well as targeting lock-ups / externally let apartments.
Interested? Why not give Alex Cook a call on 0467 600 610 or alex@resortbrokers.com.au
Or... call Chenoa Daniel on 0403 143 151 or chenoa@resortbrokers.com.au
