Coolangatta, Queensland

HIGH NET PROFIT SOUTHERN GOLD COAST GEM - OUTSTANDING BUSINESS

SOLD

Business Description

There is no better place to holiday in Australia than beachfront on the Southern Gold Coast and Kirra would have to be one of the most desirable locations.

This outstanding holiday resort is located in one of the best positions in Kirra. With spacious, north facing fully self-contained apartments all with breath-taking ocean views and with the world-famous Kirra Beach surf break at your doorstep.

This complex has seen consistent growth and has performed exceptionally during the last 2 years and recently updated P&L show how strong this business is . This growth is set to continue with fantastic forward bookings.

This is a wonderful business with excellent systems in place. The complex has seen a number of improvements over the past few years and presents beautifully.

- High $450k + net profit

- Recently topped up agreements 23.5 years remaining

- No set office hours

- Outstanding facilities

- Strong repeat guests

- Excellent improvements completed to building

- Fantastic ground floor managers unit

- Consistent performer, even through a difficult period

Don't miss this opportunity, call now to for more information or to arrange an inspection.

Property Code: 290

Business Summary

Business Snapshot

Price: SOLD Net Profit: $444,000 Remuneration / Body Corp Salary: $87,833Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $775,000Bedrooms: 2Bathrooms: 2Office: On Title

Complex Information

Complex Type: n/a

Marketing Agent

Scott Saunders

Premier Business Sales

Key Investment Insights

1. Highly profitable business with a net profit of over $450,000.
2. Located in one of the most desirable locations in Kirra, Southern Gold Coast.
3. Spacious, north-facing fully self-contained apartments with breathtaking ocean views.
4. World-famous Kirra Beach surf break at the doorstep.
5. Consistent growth and strong forward bookings.
6. Excellent systems in place and well-maintained complex.
7. Recently topped up agreements with 23.5 years remaining.
8. No set office hours for managers.
9. Outstanding facilities and strong repeat guests.
10. Significant improvements made to the building.
11. Includes a fantastic ground floor managers unit.
12. Consistent performer, even during difficult periods.
13. Managers apartment valued at $775,000.
14. Body corp salary review of CPI annually.
15. Complex type is not applicable.

Management Rights Multiplier: 5.24
ROI Estimate: 14.32%