Broadbeach, Queensland

Incredible 1 x Multiplier, Never To Be Repeated | Resort Brokers ID : MR007682

$750,000

Business Description

Due to serious health issues, our extremely motivated vendor has instructed us THIS MUST BE SOLD URGENTLY!

There is plenty of blue-sky upside potential, perfect for that person wanting a 'fixer upper' to stamp their own mark. Upgrade the residence and apartments and drive the occupancy, returning this already fantastic earner, to where it netted circa $108k+ pre-covid.

Le Lavandou is now heavily reduced for an urgent sale, we encourage you to PRESENT ALL OFFERS now for consideration.

- Perfect work/life balance, with no set office hours
- Minimal caretaking duties required
- Prime Gold Coast beachside location
- Further upside via converting outside agents
- Excellent training and handover from the vendor
- 21-year agreements (subject to top up at AGM)
- Friendly & supportive body corporate committee
- Modern two-bed, two-bath ground-floor manager's unit
- Property inspections are by appointment only
Date updated: 01 Dec 2023 00:00:05

Business Summary

Business Snapshot

Price: $750,000 Net Profit: $87,000 Remuneration / Body Corp Salary: $29,860

Managers Unit

Value of Managers Apartment: $620,000Bedrooms: 2Bathrooms: 2Office: On Title

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 15Total Units in Letting Pool: 7Holiday Units: 7Owner Occupy Units: 4Outside Agent Units: 3Agreement Term Remaining: 21 years

Marketing Agent

Syd Douglas

ResortBrokers

Key Investment Insights

- Urgent sale due to serious health issues
- Plenty of blue-sky upside potential for a "fixer upper"
- Opportunity to upgrade residence and apartments to increase occupancy and earnings
- Prime Gold Coast beachside location
- Potential for further upside by converting outside agents
- Excellent training and handover provided by the vendor
- 21-year agreements (subject to top up at AGM)
- Friendly and supportive body corporate committee
- Modern two-bedroom, two-bathroom ground-floor manager's unit
- Work/life balance with no set office hours
- Minimal caretaking duties required
- Property inspections by appointment only
- Price: $750,000
- Net profit: $87,000
- Remuneration/Body Corp Salary: $29,860
- Value of Managers Apartment: $620,000
- Bedrooms: 2
- Bathrooms: 2
- Office: On title
- Complex type: Resort/Holiday
- Total units in complex: 15
- Total units in letting pool: 7
- Holiday units: 7
- Owner occupy units: 4
- Outside agent units: 3
- Agreement term remaining: 21 years

Management Rights Multiplier: 1.49
ROI Estimate: 66.92%