Burleigh Heads, Queensland

Come See the Sea!!

$2,750,000

Business Description

Beachfront Holiday!!!

Holiday beachside complex in Burleigh Heads that allows each occupier direct and uninterrupted ocean views. Situated just steps from one of the Gold Coast's most beautiful beaches, the spacious two bedroom, and two bathroom apartments boast full kitchens, cable TV, Free Wi-Fi and private balconies with stunning ocean views. Top up of the agreements for a new buyer.

The complex facilities include: heated outdoor pool and spa, an indoor spa, well-equipped gym. sauna, two half-sized tennis courts, games room and secure underground parking. When it's time to explore, the region's boutique shopping districts, international restaurants and world class theme parks are within quick and easy reach. Take the short drive out to the Gold Coast hinterland to explore lush rainforest or simply kick back on the beach and forget the world.

Renovated 2 bedroom 2 bathroom managers apartment, spacious lounge and dining area with ocean views, and leading out to a beautiful garden area, and a fully equipped kitchen. This complex offers both a lifestyle and potential to increase the net profit.

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: $2,750,000 Net Profit: $518,000 Remuneration / Body Corp Salary: $112,000

Managers Unit

Value of Managers Apartment: $990,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayTotal Units in Complex: 62Total Units in Letting Pool: 28Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesIndoor Pool: YesSpa: YesSauna: YesGym: YesTennis Court: YesGames Room: YesBBQ Area: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Beachfront location with direct and uninterrupted ocean views.
2. Spacious and well-equipped two bedroom, two bathroom apartments.
3. Complex facilities include a heated outdoor pool and spa, indoor spa, gym, sauna, tennis courts, and games room.
4. Close proximity to popular shopping districts, restaurants, and theme parks.
5. Renovated two bedroom, two bathroom manager's apartment with ocean views and private garden area.
6. Potential for increased net profit.
7. Price of $2,750,000 includes manager's apartment valued at $990,000.
8. Net profit of $518,000 and remuneration/body corp salary of $112,000.
9. Complex type is holiday with 62 units in total and 29 units in the letting pool.
10. Standard agreement module with 10 years remaining on the agreement term.
11. Complex amenities include a pool, indoor pool, spa, sauna, gym, tennis court, games room, and BBQ area.

Management Rights Multiplier: 3.40
ROI Estimate: 29.43%