UNDER CONTRACT. Stunning Ocean and Gold Coast Panoramas from this Beach-side Location at the Southern End of the Gold Coast - 1P5214MR
Management Rights $1,590,000
This strategically positioned building over-looking the Currumbin Alley provides a great location for both the family holiday people and the permanent residents alike.
Spectacular ocean and coastal views come with the Managers apartment. No set office hours and the grounds can be easily maintained. An ideal home and business for those looking to combine work and play in the one place.
TOTAL NUMBER OF UNITS : 72
UNITS IN LETTING POOL : 29 plus 2 outside rental units (31)
NET PROFIT : $216,000
REAL ESTATE PRICE : $750,000
BUSINESS PRICE : $840,000
TOTAL ASKING PRICE : $1,590,000
Price: Management Rights $1,590,000
Net Profit: $216,000 Remuneration / Body Corp Salary: $105,772Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $750,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Complex InformationComplex Type: MixedTotal Units in Complex: 72Total Units in Letting Pool: 29Holiday Units: 8Permanent Units: 21Owner Occupy Units: 38Outside Agent Units: 3Lockup Units: 2Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Gold Coast/Brisbane