Broadbeach, Queensland

SO CENTRAL, IT’S PERFECT!

SOLD

Business Description

Beachside …walk to all Broadbeach attractions.

Flexible mix of holiday and permanent rentals.

Outstanding Body Corporate salary near $100,000.

High percentage investor owners.

Welcoming office on title and abundant storage.

Security of Accommodation module and long Agreement.

All complemented by an immaculate 2 bedroom 2 bath apartment.

AND … it’s priced to sell !

Business Summary

Business Snapshot

Price: SOLD Net Profit: $179,000 Remuneration / Body Corp Salary: $97,000Business Value: $860,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $470,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: No

Immaculate fully renovated 2 bedroom, 2 bathroom, airconditioning x 3, 2 Car, courtyards front and rear.

Complex Information

Complex Type: HolidayTotal Units in Complex: 47Total Units in Letting Pool: 28Owner Occupy Units: 10Outside Agent Units: 7Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesSpa: YesGames Room: YesBBQ Area: YesPay TV: YesWIFI: Yes

Other Features / Notes

Immaculate fully renovated 2 bedroom, 2 bathroom, airconditioned x 3, 2 Car, courtyards front and rear.

Marketing Agent

Rhonda Perkins

Property Bridge

Key Investment Insights

1. Prime location in Broadbeach, within walking distance to all attractions.
2. Flexible mix of holiday and permanent rentals.
3. Strong and stable Body Corporate salary of nearly $100,000.
4. High percentage of investor owners, providing stability and potential for growth.
5. Welcoming office on title and ample storage space.
6. Security of Accommodation module and a long Agreement.
7. Immaculate and fully renovated 2 bedroom, 2 bathroom apartment included in the sale.
8. Priced competitively for a quick sale.
9. Potential for further growth and improvement.
10. Complex features amenities such as a pool, spa, games room, BBQ area, pay TV and WIFI.

Management Rights Multiplier: 4.80
ROI Estimate: 13.46%