Burleigh Heads, Queensland

BURLEIGH COMPLEX HITS MARKET /LIFESTYLE CHOICE

$1,245,000

Property Description

Low Multiple. Holiday complex available. Has done well during the Covid mess and continues to be popular with return guests. They love the locality and you will too !!! Chance to renovate the Managers apartment and gain some extra dollars down the track. Prices of units continue to increase on the GC but particularly at Burleigh.

3 BEDROOM 2 BATHROOM SPACIOUS UNIT WITH 2 BALCONIES
2 SECURE UNDERCOVER CARPARKS
UNIT 715K
BUSINESS 530K
NETTING: 128,700K (ACTUAL)
BC SALARY : $40,944
TOTAL $1,245 MILLION
10 YEARS (REGULAR TOPS UPS HAVE BEEN PERFORMED)
CURRENT OWNER BEEN THERE FOR 6 YEARS WANTS TO RETIRE
11 HOLIDAY IN POOL (30 IN COMPLEX)
HEAPS IN SINKING FUND
WALK TO RESTUARANTS, SCHOOLS, SHOPS, BEACH, PUB
Can be easily Managed by one person (has been for the last 6 years)
Call Kerrie Lush ----------
ONLY 40 SECONDS WALK TO BEACH (IF YOU ARE BRISK)
CLOSE TO JAMES STREET AND RESTAURANTS/SURF CLUBS ETC

BURLEIGH HEADS BEST KEPT SECRET!!!
4 Star Holiday accommodation of spacious one, two or three bedroom fully self-contained apartments featuring en-suite, fully equipped kitchen with microwave, laundry facilities, CABLE TV, Air-conditioning, DVD and balcony. Wireless Broadband Internet is now available.

Secure stairwells with individual basement parking for vehicles and storage.

Set amongst tropical gardens with a solar heated swimming pool and BBQ area and whilst we are not beachfront, one of Australia's best surfing beaches is only 50 metres away.

Spacious managers apartment with large family room, 3 bedroom with en-suite to main. 204sqm inclusive of 2x patio's. Managers office and garage/storage facility to basement level. Master bedroom has air/con. Two car parks.

Property Summary

Business Snapshot

Price: $1,245,000 Net Profit: $128,700 Remuneration / Body Corp Salary: $40,944

Managers Unit

Value of Managers Apartment: $715,000Bedrooms: 3

Complex Information

Complex Type: ResortTotal Units in Complex: 30Total Units in Letting Pool: 11Holiday Units: 11Owner Occupy Units: 15Agreement Term: 10 yearsAgreement Term Remaining: 9 years
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