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Property Ref: 65555

Rainbow Bay Holiday Apartment Complex – Management Rights for Sale

Property Type: Management Rights

Sale Type: Management Rights

Region: Gold Coast

Physical Address: Rainbow Bay, Coolangatta QLD 4225

Price: Management Rights and Managers Unit Asking $1,410,000

Broker: Dilan De Silva

Mobile: +61 426 653 774

Email: dilan@tourismproperties.com

Income, Lifestyle,  and Sunny Beachside Living

This fantastic property is located on the Southern Gold Coast beach town of Coolangatta. This holiday apartment complex is located in one of the greatest surfing beaches of the world and offers a resort lifestyle, just minutes form the Gold Coast International Airport.

Located in an extremely popular, trendy and relaxed  holiday destination, this complex offers the managers a lucrative income and a beach town lifestyle. The resort has a good number of holiday and long terms rentals and a loyal repeat client base. Rainbow Bay is one of Australia’s most popular surfing beaches and the complex offer 2 Bedroom Standard and Deluxe Apartments – fully self contained. The complex has a swimming pool, BBQ area and it is located within 2 minutes walk to the beach.

The Managers Unit

A private unit with 2 bedrooms, 2 bathrooms, open plan living and dining, kitchen, and courtyard. The unit offers plenty of storage and a lock up car port for 1 car. This is a great unit and the complex allows pets  .

A rather relaxed management rights operation with  lucrative income and a fantastic lifestyle. There are no set office hours in the agreement allowing the managers the flexibility to run their business as they see fit. An after-hours letterbox for incoming guests allows for further flexibility.

The management rights owners income is composed of holiday booking income, long term rental management commissions and caretakers salary. This is a 3-story walk up complex.

Agreement term: 25 years and agreement remaining: 21 years. Able to be topped up in 5 year increments.

Units In Complex: Letting Pool: 19 units

Remuneration $53,000 + GST AUD

Net profit $176,000, Managers Unit Unit $675,000, Management Rights $735,000. Total Asking  Price $1,410,000 AUD.

The outgoing managers will offer extensive training and a lengthy handover to the new owners.

Call us now!

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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65555 | Rainbow Bay Holiday Apartment Complex | Unit Valuation

65555 | Rainbow Bay Holiday Apartment Complex | P&L

Property Details

Property Type

Management Rights

Sale Type

Management Rights

Region

Gold Coast

Physical Address

Rainbow Bay, Coolangatta QLD 4225

Price

Management Rights and Managers Unit Asking $1,410,000

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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