Broadbeach, Queensland

Business For Sale - Broadbeach Holiday Management Rights - ID 8831 BL

$920,000

Property Description

Management Rights For Sale
- Well presented 3 storey walk up in central Broadbeach
- 12 of 18 units in the letting pool, 11 x 2 bedroom and 1 x 3 bedroom
- Lovely tropical pool area with spa, BBQ and games room, security parking and CCTV cameras
- 200 metres to beach and short walk to restaurants and clubs
- Diagonally opposite the Broadbeach Bowls Club, home of the Australian Titles
- Bus stop at the front door and light rail at the end of the street
- Easily managed with low maintenance gardens
- Office on title and agreements through to 2037
- Pet friendly for the manager
- Building has been recently repainted

Located in the hub of Broadbeach, this holiday building consistently runs at 70-75% occupancy with repeat guests from bowls groups due to it's close proximity. Comfortable 2 bedroom, 2 bathroom, air conditioned manager's residence with private balcony. Low maintenance lawns and gardens. Ideal first time complex and no major works to be done.

Net Profit: $125,000
Asking Price: $920,000
(Inclusive of manager's real estate)

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

Management Rights Broker
Warren Oliver

Property Summary

Business Snapshot

Price: $920,000 Net Profit: $125,256 Remuneration / Body Corp Salary: $28,681

Managers Unit

Value of Managers Apartment: $395,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Located on the ground floor, Air conditioned residence, Private courtyard, Plenty of scope to improve and add valu

Complex Information

Complex Type: HolidayTotal Units in Complex: 18Total Units in Letting Pool: 12Holiday Units: 12Owner Occupy Units: 3Outside Agent Units: 2Lockup Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesSpa: YesPay TV: Yes
Marketing Agent
Warren Oliver
Warren Oliver

Listing location
Gallery

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