Burleigh Heads, Queensland

MUST SELL MAKE AN OFFER - HOLIDAY COMPLEX IN FANTASTIC BURLEIGH HEADS

FURTHER REDUCED $1,595,000

Business Description

Excellent holiday Management Rights in the sought-after beachside suburb of Burleigh Heads.

Directly opposite the beach and walking distance to all fantastic facilities Burleigh has to offer, this complex would provide the perfect sea change for first timers looking for a work life balance. Easy to maintain complex with no set office hours and located in an idyllic location this is a dream opportunity.

The complex has a total of 21 units with 9 in the letting pool. The manager’s residence is a renovated 2-bedroom 2-bathroom open plan unit with a large balcony with ocean glimpses. The office adjoins the residence and is for exclusive use of the Manager.

This is the perfect opportunity for an operator wanting the best of both worlds.

Net profit $182,672

MUST SELL MAKE AN OFFER

Property Code: 124

Business Summary

Business Snapshot

Price: FURTHER REDUCED $1,595,000 Net Profit: $140,177 Remuneration / Body Corp Salary: $30,545

Managers Unit

Value of Managers Apartment: $1,070,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Pets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 21Total Units in Letting Pool: 9Holiday Units: 9Owner Occupy Units: 4Outside Agent Units: 4Lockup Units: 4Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesBBQ Area: Yes

Marketing Agent

Craig Johnson

Scott Saunders

Premier Business Sales

Key Investment Insights

1. Highly sought-after beachside location in Burleigh Heads.
2. Directly opposite the beach and within walking distance to all amenities.
3. Easy to maintain complex with no set office hours.
4. Manager's residence is a renovated 2-bedroom, 2-bathroom unit with ocean glimpses.
5. Office is for exclusive use of the manager.
6. Perfect opportunity for a sea change and work-life balance.
7. Net profit of $182,672.
8. Must sell, make an offer.
9. Manager's apartment valued at $1,070,000.
10. Complex has a total of 21 units with 9 in the letting pool.
11. Complex type is holiday, with 9 holiday units and 4 owner-occupied units.
12. Agreement module is standard with 10 years remaining.
13. Facilities include a pool and BBQ area.

Management Rights Multiplier: 3.75
ROI Estimate: 26.70%