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Property Ref: 65498

Management Rights For Sale – Southern Cross Apartments, Burleigh Heads

Property Type: Management Rights

Sale Type: Management Rights

Region: Gold Coast

Physical Address: 114-124 The Esplanade Burleigh Heads 4220, QLD

Price: Management Rights and Managers Unit Asking $3,300,000

Broker: Dilan De Silva

Mobile: +61 426 653 774

Email: dilan@tourismproperties.com

Significant Property, Ocean Views, Beachside Lifestyle, 500k Profits

The Southern Cross Holiday Apartment complex is located at the popular and sort after Burleigh Heads beach front. The property is located along ‘The Esplanade’ with easy beach access and glorious ocean or hinterland views from all 60 apartments.

Located amongst great holiday apartment buildings and hotels, Burleigh Heads is a national surfing reserve and has an amazing setting with cafes, restaurants and shopping. The property will also be accessible by light rail with the new extension from Broadbeach to Burleigh Heads.

The Managers Unit

A specious and private apartment with 2 bedrooms, 2 bathrooms, living, dining kitchen,  and direct access to the garden . The managers own the reception and office area, plenty of storage and a lock up car port for 1 car, which forms part of this sale and are on title . The managers apartment is seperate from the reception, located on the ground floor and has ocean views.

Management Rights

A management rights operation produces lucrative income and a fantastic lifestyle. The management rights owners income is composed of holiday booking income, long term rental management commissions and building managers pay.

Business Model |  30 two bedroom and two bathroom  apartments in mixed letting pool with room for expansion. A significant level of repeat business that lets you save on bookings commission.

Complex | Easy maintenance complex. The complex has a heated outdoor swimming pool,  spa, gym, two tennis courts, library area, and secure underground parking. A healthy sinking fund of over $800,000 and a great upgrade programme in the pipeline. The property has an excellent and productive body corporate committee.

Fixed Income | An impressive $100,000+ Body Corporate Salary as fixed income

Term Remaining | Slots of 10 year terms

Net Profit| AUS$500,000

Price | AUS$3,300,000 (Managers Apartment:$1,300,000, Management Rights; $2,000,000)

Selling as the long term managers intend to retire.

This is a lucrative business and lifestyle opportunity,  located at the amazing Burleigh Heads beach front, Gold Coast, QLD.

For more information and to arrange your private viewing, please contact our specialist Management Rights Broker, Dilan De Silva on 04 26653774 or dilan@tourismproperties.com.

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65498 | Souther Cross Holiday Apartments | Information

65498 | Souther Cross Holiday Apartments | Information

Property Details

Property Type

Management Rights

Sale Type

Management Rights

Region

Gold Coast

Physical Address

114-124 The Esplanade Burleigh Heads 4220, QLD

Price

Management Rights and Managers Unit Asking $3,300,000

Contact Agents

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Dilan De Silva

AU Principal | Tourism, Hospitality & Leisure Business Broker
Australia, New Zealand, Asia
International: +61 426 653 774
AU Mobile: 0426 653 774

Email: dilan@tourismproperties.com

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