Burleigh Heads, Queensland

Net $195K Profitable Prime Holiday Complex in Burleigh Heads GC

$2,000,000

Business Description

• With a stellar reputation and a high number of returning guests.
• Within walking distance to the beautiful Burleigh Heads beach, one of the best Queensland tourist location.
• Conveniently located to all amenities.
• Spacious serviced apartments in relatively quiet location despite being on GC Highways, close to the beach
• Secure underground car parking located just across the road from the beach.
• Supported by a proactive Body Corporate
• 21 years remaining on the agreement

Business Summary

Business Snapshot

Price: $2,000,000 Net Profit: $194,624 Remuneration / Body Corp Salary: $64,830Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,000,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: MixedStar Rating: 4Total Units in Complex: 38Total Units in Letting Pool: 20Owner Occupy Units: 8Outside Agent Units: 9Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes
Marketing Agent
CeCe Chen
CeCe Chen

Onsite Management Rights

Onsite Management Rights

Key Investment Insights

1. Prime location in popular tourist destination: The complex is situated in the highly sought-after area of Burleigh Heads on the Gold Coast, making it a popular choice for holidaymakers.

2. Strong reputation and high number of returning guests: The complex has a stellar reputation and a high number of returning guests, indicating a loyal customer base and potential for repeat business.

3. Walking distance to the beach: The complex is conveniently located within walking distance to the beautiful Burleigh Heads beach, one of the best tourist locations in Queensland.

4. Close to amenities: The complex is conveniently located near all amenities, making it an attractive option for holidaymakers.

5. Spacious serviced apartments: The apartments in the complex are spacious and well-maintained, providing a comfortable and enjoyable stay for guests.

6. Secure underground car parking: The complex offers secure underground parking for guests, providing peace of mind and convenience.

7. Proactive Body Corporate: The complex is supported by a proactive Body Corporate, ensuring that the property is well-maintained and managed.

8. Long agreement term: The complex has a long agreement term of 21 years remaining, providing stability and potential for long-term growth.

9. Manager's apartment included: The sale of the complex includes a spacious and well-appointed manager's apartment, providing a comfortable living space for the owners.

10. Mixed complex with potential for growth: The complex has a mix of owner-occupied and holiday let units, providing potential for growth and diversification of income streams.

Management Rights Multiplier: 5.14
ROI Estimate: 19.46%

Listing location
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