Broadbeach, Queensland

Discover the perfect blend of Location, Lifestyle and Opportunity | Resort Brokers ID : MR007756

$1,685,500

Business Description

Welcome to your new business venture in the heart of Broadbeach.

This stunning complex is located in a prime position, just moments away from patrolled beaches, sporting facilities, cafes and bars. The low-maintenance business has manageable caretaking duties and 23 years remaining on agreements for your peace of mind.

The complex and facilities are well maintained and presented, ensuring your new business is ready for you to step in and take charge. With no set office hours, you have the flexibility to work around your own schedule. The modern and refurbished two-bedroom, two-bathroom manager's residence is the perfect place to call home, with all the comforts and amenities you need.

The supportive committee provides the guidance and assistance you need to ensure your business is a success. Don't miss out on this once-in-a-lifetime opportunity to own a thriving business in one of the most sought-after locations on the Gold Coast!

Contact us today to arrange a viewing and start your new adventure.

- Prime Broadbeach location
- Modern renovated manager's residence with conveniently attached office
- Net profit $179,068
- 23 years remaining on agreement
- Low maintenance caretaking duties
- Supportive Body Corporate committee
- 29 units in building with 10 in the letting pool
- Inspections by appointment only
Date updated: 26 Nov 2023 22:00:08

Business Summary

Business Snapshot

Price: $1,685,500 Net Profit: $179,068 Remuneration / Body Corp Salary: $65,507

Managers Unit

Value of Managers Apartment: $880,000Bedrooms: 2Bathrooms: 2Office: On Title

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 29Total Units in Letting Pool: 10Holiday Units: 10Owner Occupy Units: 13Outside Agent Units: 3Lockup Units: 3Agreement Term Remaining: 23 years

Marketing Agent

Syd Douglas

ResortBrokers

Key Investment Insights

1. Prime location in the heart of Broadbeach, a highly sought-after area on the Gold Coast.
2. Low-maintenance business with manageable caretaking duties.
3. 23 years remaining on agreements for long-term stability and security.
4. Modern and renovated two-bedroom, two-bathroom manager's residence with attached office.
5. Net profit of $179,068, providing a strong return on investment.
6. Supportive and helpful Body Corporate committee.
7. 29 units in the building with 10 in the letting pool, providing potential for growth.
8. Flexible work schedule with no set office hours.
9. Opportunity to live and work in a beautiful and desirable location.
10. Inspections by appointment only, ensuring privacy and exclusivity.

Management Rights Multiplier: 4.50
ROI Estimate: 22.23%