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: 25Holiday Units: 16Permanent Units: 9Owner 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 a healthy net income of $216,000.
2. There is potential for growth by converting existing permanent lets to holiday rentals.
3. The location of the business is convenient, with easy access to restaurants, parks, and the broadwater.
4. The manager's apartment is comfortable and has a large private courtyard.
5. The complex has a total of 40 units, with 25 units in the letting pool.
6. The complex has a 3.5 star rating.
7. The agreement module is accommodation and has a remaining term of 21 years.
8. The complex has amenities such as a pool, spa, games room, BBQ area, pay TV, and WIFI.
9. The manager's unit is valued at $390,000.
10. The complex allows pets.

Management Rights Multiplier: 4.89
ROI Estimate: 20.44%