Mixed letting Management Rights in Sought-After Suburb – Strong Returns

ResortBrokers is delighted to bring to market a substantial management rights business in Surfers Paradise. This 188-unit high-rise offers dual income from letting and caretaking, with a strong net profit and a $230,000 body corporate salary.

The asset features 19 units in the letting pool and significant upside to expand by reclaiming units from outside agents. No requirement to live onsite or purchase a manager’s unit.

Located just metres from the beach and light rail, this opportunity provides scale, stability, and growth potential in a landmark building.

  • Mixed letting management rights with dual income from letting and caretaking
  • Large-scale 188 uit high-rise ensures stable revenue
  • Prime Surfers Paradise location, steps from the beach, dining and light rail
  • Strong net profit of $293,901 demonstrates current profitability
  • Iconic Surfers Paradise building strong brand recognition
  • No requirement to live onsite or purchase a manager's unit
  • Significant upside by converting permanent lettings to short-term
  • Generous $230k body corporate salary and opportunity to grow letting pool from 57 outside agents
  • Inspections are by appointment only
Listing Ref MRC008947
Property Type Management Rights
Sale Type Management Rights - Caretaking only
State QLD
Region Gold Coast
Suburb SURFERS PARADISE
Net Profit $293,901
Price $1,425,000
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Nathan Bock

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