Main Beach, Queensland

Exclusive High Rise Complex!!!

$2,100,000

Business Description

Exclusive High Rise Complex!!!

This complex is located just steps away from the beautiful white sand beaches of Main Beach and around the corner from the trendy cafes and restaurants of Teddy Avenue. Some images might not depict this complex.

The complex is well maintained, established with landscaped and manicured gardens. The complex is further complemented by extensive and well-presented facilities including; indoor and outdoor pools, spa, steam room, a well-equipped gym, full sized tennis court, two barbeque areas, resident lounge, bicycle storage and more...

A light and bright ground floor large 2 bedroom, 2 bathroom plus study (large enough to be converted into a third bedroom) manager's apartment with secure and private wrap around court yards. One secure car space and large exclusive use storage areas.

An incoming manager will inherit a good relationship with the Body Corporate Committee, and will be able to take advantage of the potential to not only increase the pool but sell in the complex.

To arrange an inspection please call: Gavin

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: $2,100,000 Net Profit: $255,000 Remuneration / Body Corp Salary: $164,000

Managers Unit

Value of Managers Apartment: $1,000,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: Exclusive UsePets OK: Yes

Complex Information

Complex Type: MixedAgreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesIndoor Pool: YesSpa: YesSauna: YesGym: YesTennis Court: YesBBQ Area: YesWIFI: YesFunction Facilities: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Prime location near popular beaches and trendy cafes and restaurants.
2. Well-maintained and established complex with landscaped gardens.
3. Extensive facilities including indoor and outdoor pools, spa, gym, tennis court, and more.
4. Ground floor apartment with 2 bedrooms, 2 bathrooms, and potential for a third bedroom.
5. Secure and private wrap-around courtyards and large storage areas.
6. Good relationship with Body Corporate Committee.
7. Potential to increase rental pool and sell in the complex.
8. Opportunity for an incoming manager to take advantage of the complex's potential.
9. Disclaimer stating that the information provided is accurate but prospective purchasers should verify it themselves.

Management Rights Multiplier: 4.31
ROI Estimate: 23.18%