Main Beach, Queensland

Premium Holiday Complex in Main Beach!!!

$3,600,000

Business Description

Premium Holiday Complex in Main Beach!!!

Experience this complex conveniently located next to Main Beach's Tedder Avenue, offering stunning apartment views. The north-facing apartments offer both of Southport's Broadwater and CBD views.

The complex is in close proximity to the beach, allowing one to enjoy their beach holiday safely, and that is within 200 meters of a patrolled beach.

The complex exudes a peaceful atmosphere, despite being located next to Tedder Avenue and just ten minutes from Surfers Paradise. Images might not depict this complex.

Spacious and modern 3 Bedroom, 2 Bathroom manager's apartment with large outdoor patio and one secure under cover car space.

A must see property!!!

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: $3,600,000 Net Profit: $470,000 Remuneration / Body Corp Salary: $163,800

Managers Unit

Value of Managers Apartment: $1,100,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On Title

Complex Information

Complex Type: HolidayTotal Units in Complex: 83Total Units in Letting Pool: 26Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesIndoor Pool: YesSpa: YesSauna: YesGym: YesTennis Court: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

Key Insights:

1. Prime location: The holiday complex is conveniently located next to Main Beach's popular Tedder Avenue, offering stunning views of both the Southport Broadwater and CBD.

2. Close proximity to the beach: The complex is just 200 meters from a patrolled beach, providing a safe and enjoyable beach holiday experience for guests.

3. Peaceful atmosphere: Despite its central location, the complex exudes a peaceful atmosphere, making it a desirable destination for holidaymakers.

4. Modern and spacious manager's apartment: The 3 bedroom, 2 bathroom manager's apartment is modern and spacious, with a large outdoor patio and secure undercover car space.

5. Strong financials: The complex has a net profit of $470,000 and a remuneration/body corp salary of $163,800, making it a profitable investment opportunity.

6. Valuable managers apartment: The manager's apartment has a value of $1,100,000, providing a significant asset for the owners.

7. Large complex: With a total of 83 units in the complex and 26 in the letting pool, there is potential for growth and expansion of the business.

8. Long agreement term: The complex has a 25-year agreement term with 20 years remaining, providing stability and security for the owners.

9. Excellent facilities: The complex offers a range of facilities including a pool, indoor pool, spa, sauna, gym, tennis court, BBQ area, and WIFI, making it an attractive option for holidaymakers.

10. Potential for growth: With its prime location, strong financials, and excellent facilities, there is potential for growth and increased profitability for the complex.

Management Rights Multiplier: 5.32
ROI Estimate: 18.80%