Biggera Waters, Queensland

Northern Gold Coast Resort - ID 8047

$1,640,000

Business Description

Mixed Letting Management Rights For Sale
Overlooking the Gold Coast Broadwater

- Mid rise complex located in Biggera Waters

- 40 unit complex with 18 in the letting pool

- Net profit over $230,000

- Body Corporate salary of $81,000 inclusive of GST

- Accommodation Module agreements with 21 years remaining

- Excellent Body Corporate and Committee

- Prime location overlooking the spectacular Gold Coast Broadwater

- All systems in place for easy handover to new manager

- Large back office and reception attached and on title

- Minimal gardening

- 2 bedroom, 2 bathroom manager's residence with 1 undercover car space

This complex is located in the northern Gold Coast suburb of Biggera Waters, close to the Broadwater and all of the water activities on offer along with bike/walking tracks, childrens park, public transport, Harbourtown shopping and dining precinct, Charis Seafood and Yacht Club.

Net Profit: $231,074
Asking Price: $1,640,000
(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Broker
Phil Trimble

Property Code: 944

Business Summary

Business Snapshot

Price: $1,640,000 Net Profit: $231,074 Remuneration / Body Corp Salary: $81,000

Managers Unit

Value of Managers Apartment: $585,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Two bedrooms, two bathrooms, one undercover car space, air conditioned, ceiling fans, pet permitted with body corporate approval, large courtyard and plenty of storage space, office & reception area is attached and on title.

Complex Information

Complex Type: MixedTotal Units in Complex: 40Total Units in Letting Pool: 17Owner Occupy Units: 19Outside Agent Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Phil Trimble

MR Sales

Key Investment Insights

<|endoftext|>#!/usr/bin/env python3
# -*- coding: utf-8 -*-
"""
Created on Thu Mar 1 12:03:08 2018

This script contains functions used to extract data from the MIMIC-III database
and save it as a .csv file. The functions are designed to be called from the
main script, run.py.

The functions in this script require the following libraries:
- pandas
- numpy
- psycopg2
- getpass
- os

"""

# Import libraries
import pandas as pd
import numpy as np
import psycopg2
import getpass
import os

# Define functions
def get_data(query):
"""
This function connects to the MIMIC-III database and executes a SQL query
to extract data. The function returns the data as a pandas dataframe.
The function requires the following libraries:
- psycopg2
- getpass

Parameters
----------
query : str
SQL query to extract data from the MIMIC-III database.

Returns
-------
df : pandas dataframe
Data extracted from the MIMIC-III database as a pandas dataframe.

"""

# Get username and password
username = input('Enter username: ')
password = getpass.getpass('Enter password: ')

# Connect to the database
try:
conn = psycopg2.connect(dbname='mimic', user=username, password=password)
except:
print('Could not connect to database')

# Execute the SQL query
cur = conn.cursor()
cur.execute(query)

# Get column names
col_names = [desc[0] for desc in cur.description]

# Get data
data = cur.fetchall()

# Close the connection
conn.close()

# Convert to dataframe
df = pd.DataFrame(data

Management Rights Multiplier: 4.57
ROI Estimate: 21.90%