Currumbin, Queensland

What a View, What a Location!!!

SOLD

Business Description

What a View, What a Location!!!

This complex is directly opposite a beautiful lagoon and the ocean which means when you wake up in the morning you are waking up to the perfect setting and a beautiful view. There is also Australian bush right behind this complex, so even though you are close to restaurants and bars, you are still in that part of Australia that everyone dreams of, perfect blue seas, wildlife, the Australian bush, and the world famous Currumbin bird sanctuary close by where you can stroke a kangaroo or have your picture taken with a koala, what could be a better way to remember your Australian holiday?

Imagine being able to look at the surf conditions for the day from your lounge room, then walking across the road for a surf or a swim before your day even starts. This is one of the many features that make this complex the perfect facilitator for the lifestyle of your dreams. In addition enjoy the resort facilities - pool, spa, sauna, large entertainment area with BBQs & viewing platform that overlooks the coastline to Surfers Paradise.

The managers 2 bedroom, 2 bathroom apartment with spacious lounge and dining area shares the amazing views offered by this complex. An on title office at the rear of the apartment leads to the secure complex basement parking.

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

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $161,500 Remuneration / Body Corp Salary: $82,500

Managers Unit

Value of Managers Apartment: $720,000Office: On Title
The managers 2 bedroom, 2 bathroom apartment with spacious lounge and dining area shares the amazing views offered by this complex. An on title office at the rear of the apartment leads to the secure complex basement parking.

Complex Information

Complex Type: Resort/HolidayTotal Units in Complex: 36Total Units in Letting Pool: 3Owner Occupy Units: 21Outside Agent Units: 2Indoor Pool: YesBBQ Area: Yes
Marketing Agent
Gavern Property
Gavern Property

Gavern Property - Management Rights

Gavern Property - Management Rights

Key Investment Insights

1. Direct waterfront position opposite a lagoon and the ocean, offering daily ocean and surf views from the complex.
2. Immediate beach and surf access across the road, enabling guest convenience and lifestyle appeal.
3. Backed by native Australian bush, offering a combination of coastal and natural bushland amenity.
4. Close proximity to attractions including restaurants, bars and the Currumbin Wildlife Sanctuary, enhancing tourism draw.
5. Resort facilities include pool, spa, sauna, a large entertainment area with BBQs, and a viewing platform with coastline views to Surfers Paradise.
6. Managers 2 bedroom, 2 bathroom apartment included, valued at $720,000, with a spacious lounge/dining area and on-title office.
7. On-title office leads to secure basement parking, providing functional management infrastructure and owner convenience.
8. Reported net profit $161,500, with remuneration/body corporate salary of $82,500, indicating current cashflow for an operator.
9. Complex comprises 36 units, with only 3 units in the letting pool and 21 owner-occupied units, indicating limited short-stay inventory and a high owner-occupier mix.
10. Property marketed as SOLD, but listing materials highlight strong lifestyle and tourism positioning for potential operators or investors.

Management Rights Multiplier: 4.71
ROI Estimate: 21.25%

Listing location
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This Business is sold

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