Biggera Waters, Queensland

Waterfront Resort!!

Under Contract / Offer

Business Description

Waterfront Resort!!

This waterfront complex with boat/marina access is just a short stroll to the Broadwater with lovely parks and walking trails, and the protected swimming area close to the Grand Hotel & Charis Seafood.

Well located in the heart of Biggera Waters, this complex is close to public transport and just minutes from Harbour Town, Australia Fair, the Southport CBD, Griffith University and the new Hospital. This complex features large in-ground pools, BBQ area, intercom access and secure underground parking, and Gallery Vie compliant. Images might not depict this complex.

This business opportunity comes with long term agreements, on title office, set working hours, workable gardens and an opportunity for growth.

The Manager’s renovated unit is spacious and comfortable consisting of 3 bedroom, 2 bathrooms, modern kitchen, and open plan lounge cum dining area leading out to a courtyard area.

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: Under Contract / Offer Net Profit: $300,700 Remuneration / Body Corp Salary: $108,600

Managers Unit

Value of Managers Apartment: $840,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: MixedTotal Units in Complex: 65Total Units in Letting Pool: 25Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesTennis Court: YesBBQ Area: YesMarina Berth: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Prime waterfront location with boat/marina access and close proximity to popular attractions such as Broadwater, parks, and shopping centers.
2. Well-maintained complex with large in-ground pools, BBQ area, intercom access, and secure underground parking.
3. Long-term agreements and on-title office provide stability and potential for growth.
4. Manager's unit is spacious and renovated, consisting of 3 bedrooms, 2 bathrooms, modern kitchen, and open plan living area.
5. Net profit of $300,700 and remuneration/body corp salary of $108,600.
6. Manager's apartment valued at $840,000.
7. Mixed complex with a total of 65 units and 25 units in the letting pool.
8. Accommodation agreement with 21 years remaining.
9. Additional amenities such as a pool, spa, tennis court, BBQ area, and marina berth.
10. Pets allowed in the complex.

Management Rights Multiplier: 4.19
ROI Estimate: 23.87%