Main Beach, Queensland

Exclusive High Rise Complex!!!

SOLD

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: SOLD 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: YesSpa: YesSauna: YesGym: YesBBQ Area: YesWIFI: YesFunction Facilities: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Prime location steps from Main Beach white sand, around the corner from Teddy Avenue cafes and restaurants, supporting resident and tourist appeal.
2. Established, well maintained complex with landscaped, manicured gardens, signalling lower immediate capital expenditure for grounds.
3. Extensive premium facilities including indoor and outdoor pools, spa, sauna, well equipped gym, full sized tennis court, two barbeque areas, resident lounge, function facilities and WIFI, enhancing amenity value and rental appeal.
4. Manager's ground floor apartment is light and bright, two bedrooms, two bathrooms plus study convertible to a third bedroom, with secure private wrap around courtyards offering strong onsite accommodation value.
5. Manager's apartment value listed at $1,000,000, representing a significant asset included with the business.
6. Financial snapshot shows net profit of $255,000 and remuneration/body corporate salary of $164,000, indicating healthy cashflow and owner earnings.
7. One secure car space and large exclusive use storage areas add practical value for manager accommodation.
8. Agreement structure is standard, 10 year term with nine years remaining, providing medium term operational certainty.
9. Mixed complex type with an exclusive use office for the manager, and pets permitted, increasing flexibility for onsite management.
10. Incoming manager inherits a good relationship with the Body Corporate Committee, reducing transition risk and facilitating operational cooperation.
11. Vendor notes potential to increase the pool and opportunities to sell within the complex, indicating upside revenue and growth potential.
12. Listing status marked SOLD, prospective purchasers should verify current availability and details.

Management Rights Multiplier: 4.31
ROI Estimate: 12.14%