Burleigh Heads, Queensland

Hop Skip, Skip and Jump to the Beach AND A PRICE REDUCTION!!

SOLD

Business Description

Hop Skip, Skip and Jump to the Beach AND A PRICE REDUCTION!!

Located on the Esplanade of the Gold Coast's North Burleigh, this complex offers self-contained accommodation in a family setting with spacious 2 bedroom fully self-contained apartments, all uniquely furnished with garden or ocean views. Enjoy a swim and sit by the outdoor pool and spa or whet your appetite while basking in sunshine with a barbeque.

This complex is only 30 meters opposite the patrolled North Burleigh Beach and Surf Club. This beachfront location offers easy access to trendy cafés and restaurants and major shopping retailers. Enjoy a brisk walk along the Esplanade to Burleigh Lookout and enjoy a panoramic view of the famous Gold Coast coastline, or take a stroll to James Street, the CBD of Burleigh with an abundance of cafes, restaurants, and boutique shops.

3 bedroom, 2 bathroom manager's unit with adjoining "on title" office. 2 Secure undercover parking bays. Direct access to entertainment and pool area.

To arrange an inspection please call: Gavin - ---------- or email: ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $69,000 Remuneration / Body Corp Salary: $55,100

Managers Unit

Value of Managers Apartment: $600,000Office: On Title

3 bedroom, 2 bathroom manager's unit with adjoining "on title" office. 2 Secure undercover parking bays. Direct access to entertainment and pool area.

Complex Information

Complex Type: Resort/HolidayTotal Units in Complex: 24Total Units in Letting Pool: 6Owner Occupy Units: 12Outside Agent Units: 3BBQ Area: Yes

Marketing Agent

Gavern Property

Gavern Property - Management Rights

Key Investment Insights

1. Prime beachfront location on the Esplanade of the Gold Coast's North Burleigh.
2. Unique and spacious 2 bedroom fully self-contained apartments with garden or ocean views.
3. Only 30 meters from the patrolled North Burleigh Beach and Surf Club.
4. Easy access to trendy cafes, restaurants, and major shopping retailers.
5. Walking distance to Burleigh Lookout and James Street, the CBD of Burleigh.
6. Manager's unit with 3 bedrooms, 2 bathrooms, and an adjoining "on title" office.
7. Secure undercover parking for 2 vehicles.
8. Direct access to entertainment and pool area.
9. Net profit of $69,000 and remuneration/Body Corp salary of $55,100.
10. Manager's apartment valued at $600,000.
11. Resort/holiday complex with a total of 24 units.
12. 6 units in the letting pool, 12 owner-occupied units, and 3 units managed by outside agents.
13. BBQ area available for use by guests.
14. Potential for growth and increased profits.

Management Rights Multiplier: 3.55
ROI Estimate: 8.17%