Main Beach, Queensland

Glamourous, Elegant and Immaculate!!!

SOLD

Business Description

Glamourous, Elegant and Immaculate!!!

Permanent beachside complex in Main Beach that is regarded as being one of the best around. This complex is home to some of Australia's top influencial developers and builders.

The interior of this complex exudes quality and luxury, as does the exterior with manicured and lush grounds, and resort style amenities - all this and situated across the street from the beach .

The complex facilities include: outdoor pool and spa, an indoor heated pool, well-equipped gym. sauna, full-sized tennis court, putting green, two barbeque cabanas, secure lobby leading into an elevated elegant reading area and a reception area.

Immaculate 2 bedroom 2 bathroom managers apartment with study (can be converted into a third bedroom), spacious and elegant lounge and dining area overlooking the sun blessed pool area through floor to ceiling glass windows, a modern fully equipped kitchen with quality stone counters and stainless appliances, wrap around secure balcony overlooking the pool and a separate private patio area with private access to the lush and manicured gardens.

This complex offers both a lifestyle and potential to increase the net profit.

Definitely a MUST SEE COMPLEX!!!

To arrange an inspection please call: Gavin - ---------- or email: ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $182,200 Remuneration / Body Corp Salary: $151,000

Managers Unit

Value of Managers Apartment: $995,000Office: On Title

Immaculate 2 bedroom 2 bathroom managers apartment with study (can be converted into a third bedroom), spacious and elegant lounge and dining area overlooking the sun blessed pool area through floor to ceiling glass windows, a modern fully equipped kitchen with quality stone counters and stainless appliances, wrap around secure balcony overlooking the pool and a separate private patio area with private access to the lush and manicured gardens.

Complex Information

Complex Type: PermanentTotal Units in Complex: 51Total Units in Letting Pool: 3Owner Occupy Units: 17Outside Agent Units: 1Indoor Pool: YesSauna: YesBBQ Area: YesFunction Facilities: Yes

Marketing Agent

Gavern Property

Gavern Property - Management Rights

Key Investment Insights

1. Highly sought after location in Main Beach, home to influential developers and builders.
2. Luxurious and immaculate complex with resort-style amenities.
3. Potential for increased net profit.
4. Managers apartment is spacious, elegant and modern with private access to the complex's lush gardens.
5. Permanent complex with a mix of owner-occupied and rental units.
6. Includes indoor and outdoor pools, sauna, BBQ area, and function facilities.
7. Potential for conversion of study into a third bedroom.
8. Secure lobby and reception area adds to the exclusive and high-end feel of the complex.
9. Close proximity to the beach adds to the appeal of the complex.
10. Highly recommended for inspection.

Management Rights Multiplier: 5.16
ROI Estimate: 9.42%