Broadbeach Waters, Queensland
Ideal Add-0n and Ideally Situated!!
$349,000
Business Description
Ideal Add-0n and Ideally Situated!!
The Complex is conveniently situated and in close proximity to all the amenities on offer in Broadbeach.
An older style complex, sturdy, well-built and widely recognised as a premium low-rise building.
Complex Features: Tranquil resort style lap pool with spa, Saunas, BBQ Area, Recreational areas, Landscaped gardens, Secure complex with gated entry.
On Offer: Caretaking and Letting opportunity with no set hours, no need to reside onsite, no need to purchase an apartment, contactable, secure salary and a great working environment.
Well worth an inspection!!!
To arrange an inspection call: Gavin
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
Business Summary
Business Snapshot
Price: $349,000
Net Profit: $83,000 Remuneration / Body Corp Salary: $66,000
Complex Information
Complex Type: CaretakerTotal Units in Complex: 32Total Units in Letting Pool: 9Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesSpa: YesSauna: YesBBQ Area: Yes
Key Investment Insights
1. Asking price $349,000, with reported net profit $83,000, implying a strong cash-on-cash return of roughly 24 percent.
2. Remuneration / body corporate salary listed at $66,000, indicating a secure wage component separate from net profit.
3. Caretaking and letting role, no set hours required, no residency obligation, no apartment purchase required, reducing personal relocation and lifestyle commitments.
4. Agreement structure is a standard 10-year agreement with nine years remaining, providing long-term contractual income security.
5. Complex size of 32 units, with nine units in the letting pool, suggesting limited scale of letting income but manageable operational scope.
6. Resort-style amenities including lap pool, spa, saunas, BBQ area and recreational spaces, supporting higher resident satisfaction and marketing appeal.
7. Secure complex with gated entry and landscaped gardens, enhancing safety and long-term asset desirability.
8. Older, sturdy, well-built low-rise building, widely recognised as a premium complex, indicating established reputation and potentially lower capital expenditure risk.
9. Prime Broadbeach location, close to local amenities, increasing tenant attraction and potential occupancy resilience.
10. Opportunity marketed as a turnkey caretaking and letting position with a contact for inspection, facilitating rapid due diligence and acquisition.
