Bundall, Queensland

Sought After Complex – Prestigious Suburb!!

$1,625,000

Business Description

Sought After Complex – Prestigious Suburb!!

Nestled amongst some of the Gold Coast's most prestigious homes, a convenient location, with low maintenance and spacious living, this complex is tucked away at the end of a cul-de-sac and backs onto the local parkland with views and access to the Nerang River. Images might not depict these complexes.

This pet friendly complex offers a relaxed and very private lifestyle which is highly sought after due to its location and great facilities including; access to a jetty on the river, large pool, barbeque, recreation club, and sauna and tennis court. Excellent local public and private schools, shopping and restaurants are in easy access of this low-rise complex. The timeless architecture is perfect for modern living, providing townhouses that have a unique design. Two separate body corporates, and a great salary.

The manager’s unit features a spacious downstairs floor plan incorporating an open plan kitchen/dining area, separate lounge and formal dining area allowing for comfortable living spaces. Ascending to the upper level via a few stairs you will find 2 good sized bedrooms, en-suite and main bathroom. Entertain or unwind in your private and leafy front courtyard paradise, which features a seamless connection with the indoors.

To arrange an inspection please 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: $1,625,000 Net Profit: $133,500 Remuneration / Body Corp Salary: $133,500

Managers Unit

Value of Managers Apartment: $1,200,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Pets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 68Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesSpa: YesSauna: YesTennis Court: YesBBQ Area: YesFunction Facilities: YesMarina Berth: Yes
Marketing Agent
Gavin Mattig
Gavin Mattig

Gavern Property - Management Rights

Gavern Property - Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Prestigious Gold Coast location backing onto parkland, with views and access to the Nerang River.
2. Manager’s unit valued at $1.2 million provides spacious two bedroom, two bathroom accommodation.
3. Net profit and body corporate salary total $133,500, supporting the investment proposition.
4. Permanent complex comprises 68 units under a standard agreement with 10 years remaining.
5. Facilities include pool, spa, sauna, tennis court, barbecue area, function facilities and marina berth.
6. Pet friendly, low rise complex offers private living with convenient access to schools, shopping and restaurants.
7. Manager’s residence includes multiple living areas, open plan kitchen and private leafy courtyard.
8. Two separate body corporates and a stated great salary add operational appeal for prospective managers.

Management Rights Multiplier: 3.18
ROI Estimate: 8.22%

Listing location
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