Miami, Queensland

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

Under Contract / Offer

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: Under Contract / Offer Net Profit: $180,400 Remuneration / Body Corp Salary: $125,000

Managers Unit

Value of Managers Apartment: $1,075,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayTotal 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. Prime beachside location minutes from Miami Beach, walking distance to Pacific Fair, The Star Casino, Broadbeach and Surfers Paradise.
2. Established MLR (management rights) business, offering a manager salary equating to 69% of net profit.
3. Reported net profit $180,400, with remuneration/body corp salary $125,000.
4. Manager’s 2 bedroom, 2 bathroom apartment on title valued at $1,075,000, includes an on-title office, one car space and pets permitted.
5. Long-term agreement structure, 20 year agreement with approximately 18 years remaining.
6. Small letting pool of 9 units within a 65 unit holiday complex, implying limited internal competition for management income.
7. Resort-style amenities include a lovely outdoor pool, spa, barbecue area, free Wi-Fi and free private parking, supporting guest appeal.
8. Quiet tropical setting and spacious well-appointed apartments with balconies or courtyards, enhancing holiday-market positioning.
9. Managerial terms are flexible, with no fixed working hours, workable duties and no requirement to live onsite.
10. Business currently listed as under contract / offer, prospective purchasers advised to conduct their own enquiries.

Management Rights Multiplier: 2.25
ROI Estimate: 12.19%