Mudgeeraba, Queensland

ON TOP OF THE WORLD

SOLD

Business Description

On offer is a stunning contemporary residence in a secure and idyllic location with ultimate skyline views, a comfortable income and upmarket rental properties to attract the best tenants.

Secured by a 25 year agreement with 21 years to run, no set hours and an oversized office on title with separate external entry; this Gold Coast management rights is a great buy!

The impeccable home over three levels comprises 3 bedrooms, 3 bathrooms, 4 car garage, timber floors in living areas, air conditioning, contemporary fixtures and fittings and an outdoor room with views forever.

Active families will enjoy the impressive facilities which include swimming pool, spa, sauna, gym and barbecue area and the close proximity to Kings Christian, Somerset and Hillcrest Colleges, Robina Town Centre, Varsity Station, Robina Hospital, golf courses and a multitude of other attractions.

Looking for something extra special? … this is it!

Business Summary

Business Snapshot

Price: SOLD Net Profit: $148,000 Remuneration / Body Corp Salary: $106,000Business Value: $659,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $565,000Bedrooms: 3Bathrooms: 3Car Spaces: 4Office: On TitlePets OK: Yes

A stunning contemporary residence in a secure and idyllic location with ultimate skyline views.

Complex Information

Complex Type: PermanentTotal Units in Complex: 66Total Units in Letting Pool: 17Owner Occupy Units: 33Outside Agent Units: 15Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: YesPay TV: Yes

Other Features / Notes

A stunning contemporary residence in a secure and idyllic location with ultimate skyline views

Marketing Agent

Rhonda Perkins

Property Bridge

Key Investment Insights

1. Stunning contemporary residence with ultimate skyline views
2. Secure and idyllic location
3. 25 year agreement with 21 years remaining
4. No set hours for management
5. Oversized office on title with separate external entry
6. Comfortable income and upmarket rental properties
7. Impressive facilities including swimming pool, spa, sauna, gym, and BBQ area
8. Close proximity to schools, shopping, public transportation, and other attractions
9. Permanent complex with 66 units and 17 in the letting pool
10. Manager's unit valued at $565,000 with 3 bedrooms, 3 bathrooms, and 4 car spaces
11. Pets allowed
12. Agreement module is accommodation
13. Pool, spa, sauna, gym, and BBQ area for residents' use
14. Pay TV available
15. Other features include timber floors, air conditioning, contemporary fixtures and fittings, and outdoor room with views forever

Management Rights Multiplier: 4.45
ROI Estimate: 12.09%