Main Beach, Queensland

Boutique Permanent and no Need to Live Onsite!!

$1,376,000

Business Description

Boutique Permanent and no Need to Live Onsite!!

This boutique and luxurious residential complex offers the discerning purchaser the opportunity to either live onsite or rent out the managers apartment, and with no fixed hours. Situated close to the beach and all the amenities on offer in Main Beach. This complex is within close proximity to excellent Public & Private schools, including TSS and St Hilda's Schools, within walking distance to a variety of restaurants and cafes, Southport Yacht and Surf Clubs and a short drive to nearby Marina Mirage, The Sheraton Mirage, The Imperial and SeaWorld.

Only a short stroll to the Light Rail Station with direct access to the GC University Hospital, Griffith University, Australia Fair and Pacific Fair shopping centres.

The manager's ground floor apartment comprises 2 bedrooms, 1 bathroom with enclosed patio and courtyard leading off from the living area. Fully equipped kitchen adjoins the lounge/dining area. Separate laundry and secure underground parking.

To arrange an inspection 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: $1,376,000 Net Profit: $111,000 Remuneration / Body Corp Salary: $91,800

Managers Unit

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

Complex Information

Complex Type: PermanentTotal Units in Complex: 25Total Units in Letting Pool: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 15 yearsPool: YesSpa: YesGym: YesBBQ Area: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Boutique and luxurious residential complex located in Main Beach, close to the beach and all amenities.
2. Opportunity for the purchaser to live onsite or rent out the manager's apartment with no fixed hours.
3. Close proximity to excellent public and private schools, restaurants, cafes, and recreational facilities.
4. Short stroll to the Light Rail Station with direct access to major shopping centers and hospitals.
5. Manager's ground floor apartment includes 2 bedrooms, 1 bathroom, enclosed patio, and courtyard.
6. Fully equipped kitchen, separate laundry, and secure underground parking.
7. Price: $1,376,000 with a net profit of $111,000 and remuneration/body corp salary of $91,800.
8. Value of manager's apartment: $1,000,000 with 2 bedrooms, 1 bathroom, and 1 car space.
9. Complex type: Permanent with a total of 25 units and 1 unit in the letting pool.
10. Agreement module: Accommodation with a 25-year term and 15 years remaining.
11. Onsite facilities include a pool, spa, gym, and BBQ area.

Management Rights Multiplier: 3.39
ROI Estimate: 8.07%