Paradise Waters, Queensland

Business For Sale - Highrise Permanent - Prestige Area - ID 7865 BL

$1,377,000

Property Description

Permanent Management Rights For Sale
Stunning Water Views

- Well maintained complex in Paradise Waters
- 71 residental and 9 commercial lots
- 17 apartments in the letting pool, a combination of 1, 2 & 3 bedroom configurations
- 10 year Standard Module
- Body Corporate remuneration of $116,712
- Large Exclusive Use office, separate from the manager's residence
- No set hours - contactable by phone 8.30am - 4.00pm
- Opportunity to increase income through minor repairs
- Resort style facilities including pool, spa, sauna, BBQ and undercover parking
- Excellent committee and Body Corporate
- Manager's retiring after 5 years

The two bedroom, two bathroom manager's residence is located on the first floor and enjoys spectacular river views and overlooks the marina. Ducted air conditioning and two under cover car spaces.

Net Profit: $142,000
Asking Price: $1,377,000
(Inclusive of manager's real estate)

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For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Broker
Phil Trimble

Property Summary

Business Snapshot

Price: $1,377,000 Net Profit: $142,000 Remuneration / Body Corp Salary: $116,712Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $695,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: Exclusive Use
Open plan, 2 bedrooms, 2 bathrooms, Stunning views, Located on the first floor, ducted, air conditioning, 2 under cover car spaces, Plenty of storage, Large balcony off the living area, Quiet and private,

Complex Information

Complex Type: PermanentTotal Units in Complex: 71Total Units in Letting Pool: 17Permanent Units: 17Owner Occupy Units: 52Outside Agent Units: 1Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesSpa: YesSauna: YesBBQ Area: YesPay TV: YesMarina Berth: Yes
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