Currumbin, Queensland

Currumbin Beach Lifestyle Resort - ID 8002

$1,360,000

Business Description

Mixed Letting Management Rights For Sale

- 26 apartments located in a 3 storey walk up complex

- Absolute beachfront

- 8 apartments short term letting and 3 apartments are long term

- 3 outside agents and 5 lock ups

- Well maintained complex constructed in 1990

- Accommodation module, long agreements

- Body Corporate salary over $44,000

- Fully renovated 2 bed, 2 bath manager's residence

- Exclusive Use office and reception

- Would suit either a couple of single operator

The complex is in close proximity to public transport, patrolled beaches, surf club, airport, University and private hospital. This is undoubtedly a lifestyle complex right on the beach.

Net Profit: $174,000
Asking Price: $1,360,000
(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Broker
Phil Trimble

Property Code: 709

Business Summary

Business Snapshot

Price: $1,360,000 Net Profit: $157,300

Managers Unit

Value of Managers Apartment: $840,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: Exclusive UsePets OK: Yes
Beachside apartment, two-bedroom, two-bathroom, one-carspace, two large outdoor areas, seperate laundry/toilet, and recent renovations

Complex Information

Complex Type: MixedTotal Units in Complex: 26Total Units in Letting Pool: 11Owner Occupy Units: 6Outside Agent Units: 3Lockup Units: 5Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes
Marketing Agent

Key Investment Insights

Management Rights Multiplier: 3.31
ROI Estimate: 30.25%

Listing location

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