Clear Island Waters, Queensland

Central Location alongside the Golf Course!!

Under Contract / Offer

Business Description

Central Location alongside the Golf Course!!

A dated high-rise complex located in the heart of Surfers Paradise, close to all the amenities, only minutes to the beach, and alongside the golf course. This complex facilities includes a resort style pool and a sauna.

In close proximity to this complex are schools, public transport, shopping centres, sports grounds, gyms and the golf course.

NO SET HOURS!! NO NEED TO LIVE ONSITE!! LONG TERM AGREEMENTS!! GREAT BODY CORPORATE SALARY!!

Spacious and comfortable a potentially 2 bedroom manager's unit, laundry, spacious kitchen, large lounge area leading out to a huge private patio. A separate office on the ground level. One secure undercover parking bay. Images might not depict this complex.

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: Under Contract / Offer Net Profit: $190,800 Remuneration / Body Corp Salary: $153,700

Managers Unit

Value of Managers Apartment: $650,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: Exclusive Use

Complex Information

Complex Type: PermanentTotal Units in Complex: 120Total Units in Letting Pool: 25Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Prime location in the heart of Surfers Paradise, close to all amenities and only minutes from the beach.
2. Dated high-rise complex with resort-style facilities including a pool and sauna.
3. In close proximity to schools, public transport, shopping centers, sports grounds, gyms, and the golf course.
4. No set hours and no need to live onsite, providing flexibility for the manager.
5. Long-term agreements and a great body corporate salary.
6. Spacious and comfortable manager's unit with potential for 2 bedrooms.
7. Exclusive use office on the ground level.
8. One secure undercover parking bay.
9. Net profit of $190,800 and a remuneration/body corporate salary of $153,700.
10. Manager's unit valued at $650,000.
11. Complex type is permanent with a total of 120 units and 25 in the letting pool.
12. Agreement module is accommodation with a term of 25 years and 23 years remaining.
13. Onsite pool for residents to enjoy.

Management Rights Multiplier: 4.19
ROI Estimate: 23.85%