Main Beach, Queensland

Permanent with Exceptional Water Views!!

$1,850,000

Business Description

Permanent with Exceptional Water Views!!

Irreplaceable location – Images might not depict this complex.

Prestigious Main Beach village offers pristine beaches, a variety of dining, retail and services, with the Southport Yacht and Surf Clubs in easy strolling distance. Nearby landmarks include: The Sheraton Mirage, The Imperial, Sea World and the Aquatic Centre. The light rail station is conveniently located at Tedder Avenue and in close proximity is Australia Fair Shopping Centre plus excellent Gold Coast Public & Private schools, including TSS and St Hilda's.

On offer: Caretaking only with the added opportunity to activate the letting agreement.

The manager’s unit features a spacious ground floor plan incorporating an open plan kitchen/dining area, separate lounge and formal dining area allowing for comfortable living spaces, 3 good sized bedrooms, en-suite and main bathroom. Entertain or unwind in your private courtyard which features a seamless connection with the indoors.

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: $1,850,000 Net Profit: $101,000 Remuneration / Body Corp Salary: $90,000

Managers Unit

Value of Managers Apartment: $1,500,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Pets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 42Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Caretaking only business with an opportunity to activate the letting agreement.
2. Listed net profit of $101,000, with body corporate remuneration of $90,000.
3. Standard module agreement with nine years remaining on a ten year term.
4. Prestigious Main Beach village location with exceptional water views and easy access to beaches, dining, retail and services.
5. Southport Yacht and Surf Clubs are within easy strolling distance, with light rail conveniently located at Tedder Avenue.
6. Permanent residential complex comprising 42 units with a pool.
7. Manager’s apartment valued at $1,500,000, included within the $1,850,000 asking price.
8. Spacious ground floor manager’s residence offers three bedrooms, two bathrooms, separate living areas, a private courtyard and one car space.
9. Pets permitted, with nearby access to Australia Fair Shopping Centre and Gold Coast public and private schools.

Management Rights Multiplier: 3.47
ROI Estimate: 5.46%