Coolangatta, Queensland

Outstanding Complex with Ocean Views and Fantastic Returns!!

SOLD

Business Description

Outstanding Complex with Ocean Views and Fantastic Returns!!

This Complex is located in the spectacular Southern Gold Coast. The north facing accommodation is a short taxi ride from the Gold Coast Airport, and within easy walking distance of patrolled surfing beaches, local award winning cafes, restaurants and shops; plus Coolangatta Tweed Heads (Twin Towns), whilst all the Gold Coast Theme parks and National Parks can be easily accessed by car or public transport.

This complex is directly opposite beautiful Kirra Beach, famous for its surf breaks, crystal clear water and pure white sand, and offers fantastic accommodation with stunning ocean and Gold Coast hinterland views. This complex not only has the "Air Rights" over adjacent Kirra Village and therefore secures the spectacular ocean views for the future, but offers the astute Buyer a long term agreement and a new bundling system.

The Managers apartment is located on the ground floor and is of three bedroom, two bathroom design. The apartment features stylish and modern finishes, spacious, airy and open plan living leading out to two balconies with glimpses of the ocean. The Managers Offices are located on the ground floor and they can be detached from the Managers apartment. Large courtyard area adjoins the Managers apartment however, this area is not allocated to the subject apartment by way of on-title entitlement or exclusive use rights, with two exclusive secure car spaces and ample storage.

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

Business Summary

Business Snapshot

Price: SOLD Net Profit: $403,700 Remuneration / Body Corp Salary: $73,600

Managers Unit

Value of Managers Apartment: $675,000Office: On Title
The Managers apartment is located on the ground floor and is of three bedroom, two bathroom design. The apartment features stylish and modern finishes, spacious, airy and open plan living leading out to two balconies with glimpses of the ocean. The Managers Offices are located on the ground floor and they can be detached from the Managers apartment. Large courtyard area adjoins the Managers apartment however, this area is not allocated to the subject apartment by way of on-title entitlement or exclusive use rights, with two exclusive secure car spaces and ample storage.

Complex Information

Complex Type: Resort/HolidayTotal Units in Complex: 51
Marketing Agent
Gavern Property
Gavern Property

Gavern Property - Management Rights

Gavern Property - Management Rights

Key Investment Insights

1. Prime location in the popular Southern Gold Coast area
2. Short distance from the Gold Coast Airport and within walking distance of patrolled beaches, cafes, restaurants, and shops
3. Stunning ocean and Gold Coast hinterland views
4. "Air Rights" over adjacent Kirra Village securing ocean views for the future
5. Long term agreement and new bundling system in place
6. Spacious and modern three bedroom, two bathroom Managers apartment with two balconies
7. Managers offices can be detached from the apartment
8. Large courtyard area and two secure car spaces included
9. Strong net profit of $403,700 and remuneration/Body Corp salary of $73,600
10. Managers apartment valued at $675,000
11. Complex type is a popular Resort/Holiday style with 51 units in total.

Management Rights Multiplier: 5.50
ROI Estimate: 18.18%

Listing location

This Business is sold

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