Biggera Waters, Queensland

SPECTACULAR BROADWATER RESORT

SOLD

Business Description

Holiday and Permanent Letting

Plenty more potential to grow this business by converting existing permanent lets to holiday

Spectacular Broadwater views

Great location, conveniently located near restaurants, parks and broadwater. The best of amenities

Comfortable manager's apartment on ground floor with large private court yard.

Healthy Net Income of $216,000.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $216,000 Remuneration / Body Corp Salary: $59,399Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $390,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Lovely 2 Bedroom Apartment with Huge Courtyard

Complex Information

Complex Type: HolidayStar Rating: 3.5Total Units in Complex: 40Total Units in Letting Pool: 25Owner Occupy Units: 11Outside Agent Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesGames Room: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

1. The business has potential for growth by converting permanent lets to holiday lets.
2. The location of the business is ideal, with convenient access to restaurants, parks, and the broadwater.
3. The manager's apartment is comfortable and has a large private courtyard.
4. The net income for the business is healthy at $216,000.
5. The manager's apartment is valued at $390,000.
6. The complex is a holiday complex with a 3.5 star rating.
7. There are a total of 40 units in the complex, with 25 in the letting pool.
8. The agreement module is accommodation and the term is 25 years, with 21 years remaining.
9. The complex has amenities such as a pool, spa, games room, BBQ area, pay TV, and WIFI.
10. The business is pet-friendly.

Management Rights Multiplier: 4.89
ROI Estimate: 20.44%