Main Beach, Queensland

Premium Holiday Complex in Main Beach!!!

Under Contract / Offer

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: Under Contract / Offer 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

1. Prime location next to Main Beach's Tedder Avenue, offering stunning views of Southport's Broadwater and CBD.
2. Close proximity to patrolled beach (within 200 meters), providing a safe and enjoyable beach holiday experience.
3. Peaceful atmosphere despite being located near Tedder Avenue and just 10 minutes from Surfers Paradise.
4. Modern and spacious 3 bedroom, 2 bathroom manager's apartment with large outdoor patio and secure car space.
5. Strong net profit of $470,000 and remuneration/body corporate salary of $163,800.
6. Manager's apartment valued at $1,100,000.
7. Complex consists of 83 units, with 26 units in the letting pool.
8. Accommodation agreement with 20 years remaining.
9. On-site amenities include pool, indoor pool, spa, sauna, gym, tennis court, BBQ area, and WIFI.
10. Potential for growth and further development in the holiday rental market.

Management Rights Multiplier: 5.32
ROI Estimate: 18.80%