Main Beach, Queensland

Boutique Permanent with contactable hours and no need to live onsite!!

$1,350,000

Business Description

Boutique Permanent with contactable hours 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 centre.

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: $1,350,000 Net Profit: $94,400 Remuneration / Body Corp Salary: $92,800

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: 24Total Units in Letting Pool: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 13 yearsPool: YesSpa: YesGym: YesBBQ Area: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Asking price $1,350,000, with the managers apartment valued at $1,000,000, indicating the real estate is the primary component of the sale.
2. Net profit $94,400, with remuneration/body corporate salary $92,800, showing the operating cash profit is minimal after owner remuneration.
3. Managers unit is on title, comprising 2 bedrooms, 1 bathroom, enclosed patio and courtyard, separate laundry and secure underground parking.
4. No requirement to live onsite, role operates on contactable hours rather than fixed hours, offering flexibility for an owner or absentee operator.
5. Complex is a boutique permanent type, 24 total units, with only 1 unit in the letting pool, suggesting a predominantly owner occupied or permanent-resident profile.
6. Agreement details: 25 year accommodation agreement, with 13 years remaining, providing long-term contractual structure to the operation.
7. Onsite amenities include pool, spa, gym and BBQ area, enhancing resident appeal and potential marketing points for rentals.
8. Manager’s apartment permits pets, broadening appeal for tenants or an owner-occupier with animals.
9. Prime Main Beach location, within walking distance to restaurants and cafes, and close to Southport Yacht and Surf Clubs.
10. Proximity to major local attractions and services, including Marina Mirage, The Sheraton Mirage, The Imperial, SeaWorld, and excellent public and private schools such as TSS and St Hilda's.
11. Excellent transport links, only a short stroll to the Light Rail Station with direct access to Gold Coast University Hospital, Griffith University, Australia Fair and Pacific Fair shopping centre.
12. Sales contact provided, indicating an active listing; disclaimer advises purchasers to verify details, implying due diligence required.

Management Rights Multiplier: 3.71
ROI Estimate: 26.97%