Biggera Waters, Queensland

Resort Style Living in a Permanent Complex!!

$2,980,000

Business Description

Resort Style Living in a Permanent Complex!!

This complex is centrally located in a prime location on the Northern Gold Coast, just minutes to major shopping centres, the GC University Hospital, Griffith University, restaurants and cafes with easy access to the M1.

Situated just a short stroll to the golden shores of the Gold Coast Broadwater, and offering the ideal lifestyle in a prime position. A resort style complex beautifully maintained with a manicured tropical setting with pool, spa, large gym and outdoor entertaining areas. Images might not depict this complex.

On offer - no need to live onsite, no fixed office hours, long term agreements and opportunity.

Comfortable 3 bedroom, 2 bathroom manager's apartment, separate laundry, spacious kitchen with breakfast nook, lounge and dining area, with an adjoining yet separate "On Title" reception/office. Two secure parking bays.

To arrange an inspection please call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: $2,980,000 Net Profit: $403,500 Remuneration / Body Corp Salary: $218,300

Managers Unit

Value of Managers Apartment: $750,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 156Total Units in Letting Pool: 55Owner Occupy Units: 81Outside Agent Units: 20Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: YesFunction Facilities: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

Key Insights:

1. Centrally located in a prime location on the Northern Gold Coast, with easy access to major shopping centres, hospitals, universities, restaurants, and cafes.

2. Situated just a short stroll to the golden shores of the Gold Coast Broadwater, offering a resort-style living experience.

3. Well-maintained complex with a manicured tropical setting, featuring a pool, spa, large gym, and outdoor entertaining areas.

4. No need to live on-site and no fixed office hours, providing flexibility for the manager.

5. Long-term agreements and potential for growth.

6. Comfortable 3 bedroom, 2 bathroom manager's apartment with separate laundry and secure parking.

7. "On Title" reception/office space included with the apartment.

8. Net profit of $403,500 and remuneration/body corp salary of $218,300.

9. Manager's apartment valued at $750,000.

10. Complex consists of 156 units, with 55 units in the letting pool, 81 owner-occupied units, and 20 units managed by outside agents.

11. Agreement module is accommodation with a term of 25 years, with 19 years remaining.

12. Resort-style amenities such as a pool, spa, sauna, gym, BBQ area, and function facilities.

13. Potential for growth and development in the surrounding area.

Management Rights Multiplier: 5.53
ROI Estimate: 18.09%