Broadbeach, Queensland

Perfectly Postioned Business Only Opportunity in the Heart of Broadbeach | Resort Brokers ID : MR007974

$717,518

Business Description

This opportunity is perfect for both beginners and seasoned operators. The business is easily managed by one person, making it an ideal choice for those looking to downsize, those venturing into the management rights sector for the first time or even an autonomous add-on business to an existing portfolio. The absence of set office hours provides flexibility, allowing the operator to balance business and personal commitments effectively.

One of the key highlights of this opportunity is the potential to establish a letting business. With 61 units in the complex and a supportive, progressive body corporate, there is significant scope to grow profit by expanding the letting pool. The building's desirable location, just footsteps from Kurrawa SLSC, trendy cafes, bars, and restaurant precincts, and a mere 100m walk to the beach, makes it a popular choice for holiday visitors. Its proximity to the tram line further enhances its accessibility and appeal.

- Desirable, three-year-old building in prime beachfront location
- Potential for significant profit growth through establishing a letting business
- Business operations manageable by a single individual - ideal for beginners or those looking to downscale
- Efficient addition to existing portfolios
- No requirement to purchase property or reside onsite
- Flexible operation with no set office hours
- Progressive and supportive body corporate with an excellent reputation
- Prime location attracting holiday visitors - short walk to beach, shopping, cafes, restaurants, and tram line
- Inspections are appointment only
Date updated: 12 Jun 2024 23:00:03

Business Summary

Business Snapshot

Price: $717,518 Net Profit: $112,463 Remuneration / Body Corp Salary: $123,710

Managers Unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 61Owner Occupy Units: 24Outside Agent Units: 16Lockup Units: 21Agreement Term Remaining: 21 years
Marketing Agent
Listing location

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