Coolangatta, Queensland

NEAR D'BAR RAINBOW BAY HOLIDAY COMPLEX !!!!

$1,246,000

Property Description

Come and live in the beautiful Rainbow Bay with a short 2 minute walk to the beach (one block) from your very own 2 bedroom/2 bathroom apartment. This successful and "steady" complex has an income of just over $124K. Repeat guests and the biggest 3 months they have ever had, it seems everyone wants to stay in Rainbow Bay. Walking distance to cafes and Coolie and Point danger. Rainbow Bay has a sense of community and all managers get together and help each other out. Lots of repeat guests and new, it has a very steady flowing income.
Current Managers are selling needing the flexibility to travel back and forth to NZ. The complex is set in a quiet little community in the heart of Rainbow Bay. No office hours required. They have been slightly affected by Covid but you can grow the business.
Come and check it out !! Kerrie Lush ---------- or email ----------

Property Summary

Business Snapshot

Price: $1,246,000 Net Profit: $124,210 Remuneration / Body Corp Salary: $49,417

Managers Unit

Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 36Total Units in Letting Pool: 18Holiday Units: 18Outside Agent Units: 3Agreement Term Remaining: 22 years
Marketing Agent
Kerrie Lush
Kerrie Lush

RAAS Property Group

RAAS Property Group

Listing location
Gallery

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