Surfers Paradise, Queensland

Boutique Permanent with No Fixed Hours!!

$680,000

Business Description

Boutique Permanent with No Fixed Hours!!

A small boutique and well-presented complex situated in the heart of the Gold Coast and in close proximity to an array of restaurants, HOTA, public transport and the famous Surfers Paradise beach. Images might not depict this complex.

Although a small complex, on offer is a serene and tranquil environment complemented with a pool, secure parking, low Body Corporate fees and no fixed working hours. Ideal for someone wanting to enter the industry, or someone who wants to add such a bolt-on to their portfolio.

The manager ground floor unit has been tastefully renovated. The unit comprises bedroom, bathroom with laundry, study cum office, open plan dining and living area leading out to a patio at the front with the abundant fragrance of flowers, and the back of the unit with skyline views of Surfers Paradise.

Also on offer - Huge storeroom and adjoining parking bay on title, salary increases annually by either CPI or 4% whichever is greatest.

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: $680,000 Net Profit: $47,600 Remuneration / Body Corp Salary: $48,600

Managers Unit

Value of Managers Apartment: $490,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: On Title
Attached office cum study or small bedroom

Complex Information

Complex Type: PermanentTotal Units in Complex: 20Total Units in Letting Pool: 5Owner Occupy Units: 11Outside Agent Units: 4Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 16 yearsPool: Yes

Other Features / Notes

- Large storage - Unit partially furnished - Office can be converted into a study cum small bedroom
Marketing Agent
Gavin Mattig
Gavin Mattig

Gavern Property - Management Rights

Gavern Property - Management Rights

Key Investment Insights

1. Prime location in the heart of the Gold Coast, close to popular attractions and amenities.
2. Tranquil and serene environment with a pool and low Body Corporate fees.
3. No fixed working hours, offering flexibility for the new owner.
4. Ideal for someone looking to enter the industry or add to their portfolio.
5. Tastefully renovated manager's ground floor unit with modern amenities.
6. Additional features include a study/office, patio with garden views, and skyline views of Surfers Paradise.
7. Huge storeroom and parking bay included on title.
8. Annual salary increases by either CPI or 4%, whichever is greater.
9. Partially furnished unit with the option to convert the office into a small bedroom.
10. Potential for growth and expansion in the future.

Management Rights Multiplier: 3.99
ROI Estimate: 25.05%

Listing location
Gallery

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