Burleigh Heads, Queensland
Live in the heart of Burleigh beachside
SOLD
Business Description
Live in Burleigh near all the restaurants pubs, beachs shopping etc...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 bedrooms are very rare and this unit is Spacious!!!!!!
3 BEDROOM 2 BATHROOM SPACIOUS UNIT WITH 2 BALCONIES
2 SECURE UNDERCOVER CARPARKS
UNIT 735K (valued in 2020 by HTW)
NETTING: 125K (ACTUAL)
BC SALARY : $42,000
10 YEARS (REGULAR TOPS UPS HAVE BEEN PERFORMED)
CURRENT OWNER BEEN THERE FOR 6 YEARS WANTS TO RETIRE
9 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.
Business Summary
Business Snapshot
Price: SOLD
Net Profit: $125,000
Managers Unit
Bedrooms: 3Bathrooms: 2Complex Information
Complex Type: Resort / HolidayTotal Units in Complex: 30Total Units in Letting Pool: 8Owner Occupy Units: 14Outside Agent Units: 3Lockup Units: 2Agreement Term: 10 yearsAgreement Term Remaining: 9 years
Key Investment Insights
1. Prime location in the heart of Burleigh beachside, close to restaurants, pubs, shopping, and the beach.
2. Low multiple and high net profit, making it a profitable investment opportunity.
3. Proven resilience during the COVID-19 pandemic, with a strong track record of return guests.
4. Opportunity to renovate the manager's apartment and increase income in the future.
5. Increasing property prices in the area, making it a valuable long-term investment.
6. Rare 3 bedroom, 2 bathroom spacious unit with 2 balconies, perfect for families or larger groups.
7. 2 secure undercover carparks included, providing convenience and security for guests.
8. Well-maintained complex with a high sinking fund and regular top-ups.
9. Easy management with the current owner managing the property alone for the past 6 years.
10. Only 40 seconds walk to the beach and close to popular attractions such as James Street and surf clubs.
11. 4-star holiday accommodation with fully self-contained apartments and modern amenities.
12. Secure stairwells and individual basement parking for vehicles and storage.
13. Set amongst tropical gardens with a solar heated swimming pool and BBQ area.
14. Spacious manager's apartment with large family room, 3 bedrooms, and 2 bathrooms.
15. Highly sought-after location and a well-kept secret in Burleigh Heads.
