Absolute Beachfront Management Rights – Gold Coast

Absolute Beachfront Management Rights – Gold Coast — Property · Tugun, Gold Coast · Asking $2,435,000 · Net Profit $344,073

Established management rights at an absolute beachfront location on Tugun beach; no roads to cross 34 units in the letting pool; 50% repeat clientele with solid occupancy Strong body corporate salary; 25-year agreement with 18 years remaining Manager's unit: 2 bed, 2 bath ocean views, ground floor, fully refurbished Facilities include swimming pool, spa pool, rooftop sauna, beachside BBQ and…

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Absolute Beachfront Management Rights – Gold Coast

Management Rights

ActivePropertyQueenslandB2C

Find funding for this deal →View original listing ↗

Asking price

$2,435,000

Disclosed · AUD

Revenue (est.)

~$1,472,285

Estimated · comparable listings of this type and size

Net Profit

$344,073

Implied multiple

7.1×

asking / earnings

Brief

Established management rights at an absolute beachfront location on Tugun beach; no roads to cross
34 units in the letting pool; 50% repeat clientele with solid occupancy
Strong body corporate salary; 25-year agreement with 18 years remaining
Manager's unit: 2 bed, 2 bath ocean views, ground floor, fully refurbished
Facilities include swimming pool, spa pool, rooftop sauna, beachside BBQ and tennis court
Close to local shops, restaurants, Gold Coast airport, John Flynn hospital and motorway

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