Excellent Management Rights Opportunity in Broadbeach! | Resort Brokers ID : MR007049
Extremely well run complex selling on actual figures of 2021 which are down on previous years and a low multiplier of 4.67. Now is the time to purchase this business with long agreements and one of the best locations on the Gold Coast. With a motivated vendor and upside aplenty, this opportunity will not last!
- Extremely well run and tidy complex
- Enviable Broadbeach location
- Long agreements - 22 years remaining
- Very low multiplier of 4.67!
- Buy on actual/low figures of 2021
- Be part of the 2022 domestic tourism boom on the Gold Coast
- Motivated vendors ready to retire!
- Property inspections are by appointment only
Date updated: 23 Jan 2022 22:00:10
Net Profit: $321,000 Remuneration / Body Corp Salary: $52,447
Managers UnitValue of Managers Apartment: $695,000Bedrooms: 3Bathrooms: 2Office: On Title
Complex InformationComplex Type: Resort / HolidayTotal Units in Complex: 28Total Units in Letting Pool: 16Holiday Units: 16Owner Occupy Units: 5Outside Agent Units: 2Lockup Units: 5Agreement Term Remaining: 22 years