Biggera Waters, Queensland

Broadwater Shoreline!!

$2,990,000

Business Description

Broadwater Shoreline!!

This complex allows for magnificent views over the sparkling Broadwater, and is perfectly located on the quiet northern end of the Gold Coast. Enjoy the lifestyle of relaxed weekends on the beach or walking/cycling along the waterfront pathways that stretch for kilometres in either direction, and furthermore enjoy easy access to Griffith University, Gold Coast University Hospital, and Runaway Bay Shopping Centre and Harbour Town for outlet shopping.

Residents and guests have access to a range of facilities, including a cafe, gymnasium, sauna, and a games room. Two pools are available within the building: one on the ground level and another on the rooftop, offering breathtaking views of the Gold Coast.

On offer: long term agreements, great net profit, great location, great amenities.

The managers unit comprises 2-bed,1-bath with an open plan living area and a fully functional kitchen. A detached on title office and one secure car space.

To arrange an inspection 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: $2,990,000 Net Profit: $500,000 Remuneration / Body Corp Salary: $198,000

Managers Unit

Value of Managers Apartment: $600,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On Title

Complex Information

Complex Type: HolidayTotal Units in Complex: 66Total Units in Letting Pool: 31Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesSpa: YesSauna: YesGym: YesTennis Court: YesGames Room: YesBBQ Area: YesFunction Facilities: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Magnificent views over the Broadwater
2. Quiet location on the northern end of the Gold Coast
3. Easy access to Griffith University, Gold Coast University Hospital, and shopping centers
4. Range of facilities for residents and guests, including a cafe, gymnasium, sauna, and games room
5. Two pools, one on the ground level and one on the rooftop with breathtaking views
6. Long term agreements in place
7. Great net profit and location
8. Fully functional 2-bed, 1-bath manager's unit with detached office and secure car space
9. Accommodation agreement module with 19 years remaining
10. Range of amenities for guests, including a pool, spa, sauna, gym, tennis court, games room, BBQ area, and function facilities.

Management Rights Multiplier: 4.78
ROI Estimate: 16.72%