Lucrative Beachside Resort – Management Rights For Sale

Income, Lifestyle, Apartment with a view and Sunny Beachside Living

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

Located in an extremely popular and relaxed holiday destination, this complex offers the managers a lucrative income and beach front lifestyle. The resort has a good number of holiday and long terms rentals + a loyal repeat client base. Rainbow Bay is one of Australia’s most popular surfing beaches and the complex offer 1, 2 and 3 Bedroom Apartments – fully self contained. The complex has a swimming pool, BBQ area and is located within 2 minutes walk to the beach.

The Managers Unit

A spacious and private unit with 2 bedrooms, living, dining kitchen, small private garden and ocean view. The unit offers plenty of storage and a lock up car port for 1 car. This unit is wrapped around the yard and it is also ideal for children.

Management Rights

A rather relaxed management rights operation with 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.

- Agreement term: 25 years and agreement remaining: 19 years.
- Units In Complex: 24, Letting Pool: 18, Owner Occupiers: 5
- Remuneration $40,478
- Net profit $199,000, Managers Unit Unit $875,000, Management Rights $897,000. Total Asking Price $1,772,000.
- The outgoing managers will offer extensive training and a lengthy handover to the new owners.
- Hurry up and grab this amazing lifestyle and income opportunity!

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

Please register on www.tourismproperties.au, navigate to the Documents tab on the listing, and request access to the confidential information.

Agency reference #: 65374