Broadbeach, Queensland

Business For Sale - Well Below Market Value - ID 8662 BL

OFFERS OVER $1,950,000

Property Description

Management Rights For Sale
Consistent Income - Actual Net Profit of $304,000

- Mid rise complex of 28 apartments
- 16 in the holiday letting pool, 5 owner occupiers and 5 lockups
- Resort facilities including roof top spa and BBQ
- Office attached and on title with office hours in agreements
- Current long standing managers looking to retire
- Hirum trust software
- Healthy sinking fund with minimal capital works planned
- Organised and well run complex
- 3 bedroom manager's apartment, plenty of storage and 2 under cover car parking spaces
- Body Corporate remuneration of $52,447 + GST

This medium rise complex is located in Broadbeach in close proximity to Kurrawa Surf Club, patrolled beach, Pacific Fair shopping and dining precinct and the Gold Coast Convention Centre. Public transport is close by including the light rail network which runs north to Helensvale. The next stage of the light rail network will see extension south to Burleigh Heads.

Net Profit: $304,000
Offers Over $1,950,000
(Inclusive of manager's real estate)

** CONFIDENTIALITY CONDITIONS APPLY **

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Exclusive Management Rights Broker
Phil Trimble

Property Summary

Business Snapshot

Price: OFFERS OVER $1,950,000 Body corp salary review: CPI Annually

Managers Unit

Car Spaces: 2

Complex Information

Manager Units: 1Agreement Module: AccommodationPool: Yes
Marketing Agent
Listing location
Gallery

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