Bilinga, Queensland
GREAT MIXED LETTING COMPLEX IN A FANTASTIC BEACHSIDE LOCATION
Under Contract / Offer
Business Description
Located in the beautiful Southern Gold Coast suburb of Bilinga, this Management Rights complex is a short walk to the great cafes and restaurants of Kirra Beach and is minutes away from some of the best beaches on the Gold Coast. This complex ticks all the boxes for someone looking to secure a good income and a great lifestyle.
The property comprises of 42 units with a mix of holiday and permanent letting. There is a beautiful swimming pool, low maintenance lush tropical gardens and BBQ area.
An easy complex to manage in a fantastic location, know requirement to live on site no set office hours this property would suit first timers to the industry or an experienced operator looking to add to their existing business.
- Mix of holiday and permanent lets
- No requirement to live onsite
- No set office hours
- Beautiful fully renovated 2 bedroom residence with potential to convert to 3 bedroom
- Very manageable caretaking duties
- Currently run by husband and wife team
- Net profit $170,726
Call now to book an inspection.
Property Code: 1181
Business Summary
Business Snapshot
Price: Under Contract / Offer
Net Profit: $170,726 Remuneration / Body Corp Salary: $79,466Body corp salary review: CPI Annually
Managers Unit
Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: Exclusive UsePets OK: YesBeautifully renovated 2- bedroom 2- bathroom unit with potential to convert office space to a 3rd bedroom. 2 balconies offering lovely outdoor spaces in a lush tropical garden setting.
Complex Information
Complex Type: n/aTotal Units in Complex: 42Total Units in Letting Pool: 15Holiday Units: 7Permanent Units: 8Owner Occupy Units: 23Outside Agent Units: 2Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes
Key Investment Insights
- Located in a highly sought-after beachside location on the Southern Gold Coast.
- Mix of holiday and permanent letting, providing a diverse income stream.
- No requirement to live onsite, offering flexibility for the manager.
- No set office hours, allowing for a good work-life balance.
- Beautiful fully renovated 2 bedroom residence with potential to convert to 3 bedrooms.
- Very manageable caretaking duties.
- Currently run by a husband and wife team, but suitable for first-timers or experienced operators.
- Net profit of $170,726, providing a solid income.
- Low maintenance lush tropical gardens and BBQ area.
- Complex comprises of 42 units, with 15 units in the letting pool.
- Agreement module is Accommodation, with 18 years remaining on the agreement term.
- On-site facilities include a swimming pool, spa, and WIFI.
- Potential for further growth and improvement.
- Close proximity to popular cafes, restaurants, and some of the best beaches on the Gold Coast.
- Suitable for those looking for a good income and a great lifestyle.
