Rainbow Bay Resort
Rainbow Bay Resort
$1,675,000
  • Rainbow Bay Resort
  • Rainbow Bay Resort
Beautiful Coolangatta

Located on the Southern Gold Coast and overlooking one of the greatest surfing beaches of the world. This rare north facing beach is an extremely popular holiday destination for both families and surfing enthusiasts alike. The Gold Coasts enviable weather and Rainbow Bays regular surfing events ensures an excellent occupancy rate with a very high percentage of that repeat business. The business is a very manageable size with only 24 units in the building and 18 of these in the rental pool. Established cleaning staff are employed. The majority of the units are finished to a high standard, all are generous in size and have outstanding water views over the Bay. The building is well maintained with exclusive use office/reception, swimming pool and spa. Ample storage areas for surf equipment recognizes the close relationship this building has with the surfing fraternity. Supportive and friendly community of like minded management rights operators socialize and promote Rainbow Bay together. Full training is offered by outgoing managers. Very difficult to describe just how good this business is and inspection is a must for those considering a sea and lifestyle change! Net profit $220+K, Unit $875K, Management Rights $800K Total Price $1,675,000.
The unit is bright and breezy with a wrap around yard. The yard is huge and very private. Perfect for children or dogs. Its a beautiful unit, very rare to have such a huge back yard.

Email me for pictures

Kerrie Lush 0416 084 693


BUSINESS SNAPSHOT

Financials

Body Corporate Salary: 40,478

Management Unit

Management Unit Price: 875000

Complex Overview

Complex Type / Module: Resort

Total Units Inside Letting Pool: 18

Total Units in Complex: 24

Holiday Units: 18

Outside Agent: 0

Agreement Term: 25 Years

Years to Run: 19 Years

Kerrie Lush
Kerrie Lush


CONFIDENTIALITY AGREEMENT GOVERNING ALL BUSINESSES LISTED WITH RAAS MANAGEMENT RIGHTS

In consideration of RAAS (being any or all of RAAS Property Group Pty Ltd and their respective business brokers) entering into discussions relating to the possible acquisition of the assets of any business(es) presented to me by RAAS, We/I hereby agree and undertake as follows:

  1. To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
  2. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by RAAS;
  3. Not to make an approach to the Vendor of any business disclosed to me by RAAS, or the business’ staff, customers or suppliers without prior arrangement with RAAS and to refer all queries through RAAS;
  4. We acknowledge that RAAS is the introducing broker, and that all offers and deposits for the business, shares or property will be conducted through that office.
  5. If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to RAAS Property Group as the case may be;
  6. If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify RAAS against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach.
  7. That all information is received for no other purpose than the evaluation of the investment potential of the business;
  8. If I decide not to proceed with the investment, I agree to immediately return to RAAS all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
  9. the relevant Act for the State or Territory including but not limited to (Electronic Transactions Act 2000 No 8 (NSW), Electronic Transactions (Victoria) Act 2000, Electronic Transactions (Qld) Act 2001, Electronic Transactions Act 2011 (WA), Electronic Communications Act 2000 (SA), Electronic Transactions (Northern Territory) Act 2000, Electronic Transactions Act 2000 (Tas), Electronic Transactions Act 2001 (ACT)

By checking this box, you are agreeing to abide by the terms of our Confidentiality Agreement.