Holiday Management Rights On The Broadwater
Holiday Management Rights On The Broadwater
Holiday Management Rights On The Broadwater
Holiday Management Rights On The Broadwater
Holiday Management Rights On The Broadwater
Holiday Management Rights On The Broadwater
Holiday Management Rights On The Broadwater
Holiday Management Rights On The Broadwater
Holiday Management Rights On The Broadwater
Holiday Management Rights On The Broadwater

Holiday Management Rights On The Broadwater

$615,000Sold

A great opportunity for a motivated, hands-on management couple to purchase at the bottom, grow the business and achieve some good capital gain.

Key Features

  • 16 story high-rise – 49 apartments, 15 in short-term letting pool, 12 externally let, 7 lock-ups, 12 owner occupiers
  • Prime location overlooking Broadwater, opposite Gold Coast Aquatic Centre – very strong source of booking + set to capitalize on The Commonwealth Games 2018
  • Big growth opportunity through letting pool growth
  • Good scope to increase tenure and value of business
  • Business priced at an incredible 2X multiplier
  • Body corporate salary of nearly $85,000
  • Good sized, ground floor, two bedroom manager’s residence

NB: Property inspections are by appointment only 

Key Details

Listing Ref: MR004353
Property Type: Management Rights
Region: QLD - Gold Coast
Suburb: Southport
Sale Type: Management Rights - All
Net Profit: $178,500
Price: $615,000

Location

Listing Agent(s)

Agent Feedback

Thank you Alex for the superlative effort you put in on our behalf to sell our management rights business.  We're sure that you'll agree that it wasn't without challenge from both parties but your tireless positive attitude and willingness to listen and facilitate, were key factors in the success of the process.

- Peter and Kim Holthouse WINDSURFER RESORT

The professionalism demonstrated by Alex throughout the sales process was very impressive. We made it clear from the outset that we wanted the sale to be as discreet as possible, and to be conducted as swiftly as possible. Despite the fact that this obviously hindered Alex's advertising options, he was able to arrange two days of back to back inspections, which produced 5 offers at asking price. We then worked with Alex to select the most suitable candidate. Furthermore, Alex worked tirelessly throughout the sales process, ensuring that the due diligence process went as smoothly as possible. We would have no hesitation in recommending Alex to anyone looking for a high level of service and a great result. Thank you Alex!  

- Brenton Brown
Building Manager,
Deepwater Point Apartments

We also appreciated Alex's accessibility and acknowledge the personal time that he sacrificed to maintain a continuous communication channel for our queries.We will certainly recommend Alex to our friends and colleagues for that moment when they too decide to seek a different life.

- Peter and Kim Holthouse WINDSURFER RESORT