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

From the time of engagement, Alex was extremely pro-active in finding the right buyer. At all times, Alex kept me updated during progression of the sale process, acted in a professional manner; sorted out any issues that surfaced during the sale and went above and beyond to ensure all parties were working effectively towards completion. Without Alex's input and assistance I am sure the sale would not have been completed in the professional manner that it was.

- Brad Marquart
Vendor,
Waters Edge on the Broadwater

Alex is a very professional and effective Management Rights Broker and we would highly recommend him to any managers wishing to sell their Management Rights and prospective managers wishing to purchase Management rights.

- Allan & Margaret Ott
Vendor,
Management Rights

I am not often moved to write to record my appreciation and recognition of outstandingly excellent work and good practice. This is because I have seldom found it.  This is not the case with Alex Cook and Resort Brokers.  The whole experience from the initial appraisal to the signing of the contract and later advice that the purchaser's finance had been approved has been of the highest order.    

- Peter & Marg Fisher SURFERS PARADISE