Main Beach, Queensland

Motivated Owner "Main Beach" Exceptionally Good Opportunity

$1,570,000

Property Description

An outstanding opportunity to purchase a Management Rights with motivated owner ready to sell. This exquisite high rise property has 124 beautiful apartments, most of them overlooking the Ocean with are 24 units in the letting pool, 23 in holiday and 1 permanent. The right management couple will have tremendous opportunity to grow their business, with 5 outside agents, and 40 lock-ups. The managers unit is ground level with 2 Bedrooms and 2 Bathrooms with a private courtyard looking into the gardens.
Key Points:
- Body Corporate Salary $130,186
- Netting Validated $235,011 (Year ended December 31, 2020)
- Low Multiplier
- Property has had extensive upgrades already complete
- 10 Year Agreement

Property Summary

Business Snapshot

Price: $1,570,000 Net Profit: $200,000 Remuneration / Body Corp Salary: $130,186

Managers Unit

Value of Managers Apartment: $660,000Bedrooms: 2
Very spacious 2 Bedroom 2 Bathroom on the ground level. Private patio area onto the gardens. it has an open plan living area that includes kitchen, living & dining room. It has one car park included.

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 124Total Units in Letting Pool: 24Holiday Units: 23Permanent Units: 1Owner Occupy Units: 55Outside Agent Units: 5Spa: YesSauna: YesGym: YesTennis Court: YesWIFI: YesFunction Facilities: YesMarina Berth: Yes
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