Burleigh Heads, Queensland

A Few Hops, Skips and Jumps to the Beach!!!

SOLD

Business Description

This complexes apartments are all fully air-conditioned. Relax on your balcony and enjoy a view of tropical gardens or of the unique Australia shaped heated pool and spa. The apartments are fully self-contained and have most of the luxuries you'll find at home. There is a generous undercover BBQ area and a large games room. This complex is situated in a sought after beachside location and also has direct access to Burleigh Beach which is only a few steps from the complex.

One is able to walk down to Mowbray Park and the Burleigh Headland where, every evening, thousands of rainbow lorikeets gather to create a show to behold. On weekends, one can experience the local food and fashion markets or enjoy an evening of bohemian fire dancing and drumming. For keen golfers, there are 10 golf courses within 20 minutes of the complex.

A 3 bed Managers dual keyed unit, 2 bathrooms and 2 secure undercover parking bays, an adjoining office "on title" and the ability to appoint a caretaker.

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

Business Summary

Business Snapshot

Price: SOLD Net Profit: $226,000 Remuneration / Body Corp Salary: $87,200

Managers Unit

Value of Managers Apartment: $465,000Office: On Title

Comfortable 3 bedroom, 2 bathroom Managers apartment, Open plan lounge and dining area also leading out to a balcony, and a compact fully equipped kitchen. Two secure car spaces and storage.

Complex Information

Complex Type: Resort/HolidayTotal Units in Complex: 59Total Units in Letting Pool: 4Owner Occupy Units: 19Outside Agent Units: 7Games Room: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Gavern Property

Gavern Property - Management Rights

Key Investment Insights

1. The complex is located in a highly sought after beachside location with direct access to Burleigh Beach.
2. The apartments are fully self-contained and have luxurious amenities.
3. The complex has a unique Australia shaped heated pool and spa.
4. There is a generous undercover BBQ area and a large games room.
5. The complex is situated near popular attractions such as Mowbray Park, Burleigh Headland, and local markets.
6. There are 10 golf courses within 20 minutes of the complex.
7. The business has a strong net profit of $226,000 and a remuneration/body corp salary of $87,200.
8. The managers unit is a comfortable 3 bedroom, 2 bathroom apartment with two secure car spaces and storage.
9. The complex is a resort/holiday type with a total of 59 units, 4 of which are in the letting pool.
10. There are also 19 owner-occupied units and 7 units managed by outside agents.
11. The complex offers amenities such as a games room, BBQ area, and WIFI.
12. The business is being sold with a manager's office included.

Management Rights Multiplier: 4.50
ROI Estimate: 22.22%