ResortBrokers is privileged to present to market the management and letting rights to Reflections Coolangatta Beach.
With a net operating profit (NOP) of $2,000,000 for FY23, this is a genuine ‘super rights’ offering, one of the largest ever to come to market on the Gold Coast.
Backed by a combined body corporate salary of $638,175 with annual increases linked to CPI, the business is based on 25-year caretaking and letting agreements, with a recent history of successful top-ups and long tenure to go.
This premium management rights business would suit an experienced operator looking to expand their portfolio with a top-tier complex.
Situated in the heart of Coolangatta directly across from Greenmount Beach, Reflections Coolangatta Beach’s two landmark towers, Reflections on the Sea and Reflections Tower 2, have made it one of Coolangatta’s most recognisable and sought-after holiday destinations.
Comprising 202 luxury apartments and resort-style facilities, Reflections Coolangatta Beach’s exceptional visitor appeal is reflected in its extraordinary occupancy rate of over 92%, which is 25% higher than the Gold Coast average of 67%.
Reflections on the Sea and Reflections Tower 2 enjoy exceptional ratings: 8.7 and 8.2 respectively on Booking.com.
A 2020 TripAdvisor Travellers’ Choice award and back-to-back Best of Queensland Experience awards in 2022 and 2023 confirm Reflections Coolangatta Beach’s exceptional tourist appeal and general prestige.
Astute operators should be quick to consider this rare super rights opportunity. The combination of a $2 million NOP, prime beachfront location and scope to grow the letting income, will undoubtedly attract a significant level of interest from high-quality, experienced and sophisticated operators.
Expression of interest calling for offers above 6.1x verified net profit + real estate at market valuation.
Interested? Why not give Todd Warner a call on 0438 170 763 or todd@resortbrokers.com.au
