Miami, Queensland

Seems Like a Hop, Hop, Skip, Skip and Jump to the Beach!!

$1,650,000

Business Description

Seems Like a Hop, Hop, Skip, Skip and Jump to the Beach!!

This complex is situated close to the golden sands of Miami Beach, and offers the astute manager the opportunity to secure a MLR business in a serene beachside location. Pacific Fair, The Star Casino and the nightlife and restaurants of Broadbeach and Surfers Paradise are also in close proximity.

The spacious, well-appointed apartments with either a balcony or courtyard enjoy a quiet location within a peaceful tropical surrounding with a lovely outdoor pool, Free Wi-Fi, barbecue area and free private parking.

On offer - a 2-bedroom, 2-bathroom managers unit with an on-title office and close to schools, a salary equating to 69% of the net profit, long tenure agreements, no fixed working hours, workable duties and no need to live onsite.

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: $1,650,000 Net Profit: $180,400 Remuneration / Body Corp Salary: $125,000

Managers Unit

Value of Managers Apartment: $1,050,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: MixedTotal Units in Complex: 65Total Units in Letting Pool: 9Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 18 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Price $1,650,000, reported net profit $180,400, with manager remuneration/body corp salary $125,000, representing approximately 69% of net profit.
2. Manager’s apartment valued at $1,050,000, comprising 2 bedrooms, 2 bathrooms, 1 car space, office on title, pets allowed.
3. Long-term agreement structure, 20-year agreement term with 18 years remaining, under an accommodation agreement module.
4. Small letting pool of 9 units within a mixed complex of 65 total units, indicating potential capacity to scale letting allocation.
5. Prime beachside location extremely close to Miami Beach, with easy access to Pacific Fair, The Star Casino, Broadbeach nightlife and Surfers Paradise.
6. Spacious, well-appointed apartments offering a balcony or courtyard, positioned in a quiet, tropical surrounding.
7. Resort-style amenities include outdoor pool, spa, barbecue area and free Wi-Fi, supporting guest appeal and occupancy.
8. Free private parking provided for guests and manager, enhancing convenience and value.
9. Manager role offers flexible operational terms, no fixed working hours, workable duties and no requirement to live onsite.
10. On-title office included with the managers unit, supporting administrative and on-site management needs.
11. Strong lifestyle and leisure drawcard given proximity to beaches, shopping and entertainment precincts, aiding marketing and occupancy.

Management Rights Multiplier: 3.33
ROI Estimate: 30.07%