High-Rise Management Rights, Surfers Paradise
Management Rights
ActiveHospitality & TourismQueenslandB2B & B2C
Asking price
$1,425,000
Disclosed · AUD
Revenue (est.)
~$1,178,905
Estimated · comparable listings of this type and size
Net Profit
$293,901
Implied multiple
4.8×
asking / earnings
Brief
- Mixed letting management rights with dual income from letting and caretaking
- Large-scale 188-unit high-rise ensuring stable revenue
- Prime Surfers Paradise location near the beach, dining and light rail
- Iconic building with strong brand recognition
- No requirement to live onsite or purchase a manager's unit
- Upside converting permanent lettings to short-term and growing the letting pool from outside agents
More hospitality & tourism businesses for sale
- Eco-Resort & Wedding Venue - MidginbilLodge · New South Wales · $6,750,000
- Management Rights - Everton ParkManagement Rights · Everton Park, Brisbane · $1,150,000
- Tasmania Motel-Style Accommodation - Freehold Going ConcernMotel · Expressions of Interest
- 14-Room Freehold Motel, Mackay QLDMotel · Mount Pleasant, Mackay · $4,150,000
- 40-Room Freehold Motel, Armidale NSWMotel · New South Wales · $13,000,000
- 15-Key Freehold Motel, Mulwala NSWMotel · New South Wales · $2,200,000
- Multi-Use Event Space – AlphingtonFunction & Event Venue · Victoria · $80,000
- High-Turnover Seafood Takeaway - Gold CoastTakeaway · Queensland · $539,000