Elanora, Queensland

High Net Resort - Southern Gold Coast Gem - ID 9147

$2,530,000

Business Description

Holiday Management Rights For Sale
Great Location in Tropical Surrounds

- Body Corporate salary of $74,500

- 66 dual key apartments with 38 in the letting pool

- 24 years remaining on agreements

- No requirement to live onsite

- No office hours specified in agreements

- Excellent Body Corporate and committee

- Opulent and spacious receptions and back office on title

- An organised and well run complex

- Dual key manager's apartment (1 x 2 bed and 1 x 1 bed)

- The 1 bedroom apartment is currently rented at $23,140 per annum

- Located on the southern end of the Gold Coast, this business is conveniently located close to the Airport, public transport, patrolled beaches, University and Private Hospital

Net Profit: $359,441
Asking Price: $2,530,000
(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: 965

Business Summary

Business Snapshot

Price: $2,530,000 Net Profit: $359,441 Remuneration / Body Corp Salary: $74,553

Managers Unit

Value of Managers Apartment: $950,000Bedrooms: 2Bathrooms: 2Car Spaces: 4Pets OK: Yes

The manager’s apartment is within the complex and is equipped with air-conditioning, overhead fans, heating, tiled living areas and ample storage space. There is a large modern kitchen with open plan living. Outside it features a large patio, enclosed courtyard and BBQ area. The manager's real estate consists of one x 2 bedroom, 1.5 bathroom apartment, one x 1 bedroom, 1 bathroom apartment, back office, opulent and spacious reception area, 4 car spaces (including 2 car garage).

Complex Information

Complex Type: MixedTotal Units in Complex: 66Total Units in Letting Pool: 40Owner Occupy Units: 6Outside Agent Units: 20Manager Units: 2Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesSpa: YesGames Room: YesBBQ Area: Yes