Southport, Queensland

Gold Coast Lifestyle with Secure Income

$1,080,000

Property Description

The complex in Southport sits in a tightly held, high demand pocket of the suburb yet is still only minutes away from the beaches, restaurant, shopping and theatre precincts plus everything else the Gold Coast is renowned for.

- The 3 bed 2 bath managers residence has been tastefully renovated and is open plan, light filled and spacious.
- Solar panels on the managers residence means that there are no electricity bills to contend with.
- The current owners have been there 15 years and have the complex running smoothly. All systems in place are tried and tested.
- The pool and grounds are delightful but easy care for one person just a few hours per day. Current managers operate the business with one working the complex while the partner has a separate full time job.
- There are no set office hours just need to be contactable during business hours.
- With 6 in the letting pool the BC salary secures more than 90% of the income making this a very stable investment.

Properties of this caliber are definitely in high demand on the Gold Coast and very few come with a business which suits couples looking to secure lifestyle plus generating a great income on the Gold Coast.

Contact Tony Ede on ---------- or ---------- enquire or to arrange an inspection.

Property Summary

Business Snapshot

Price: $1,080,000 Net Profit: $85,000 Remuneration / Body Corp Salary: $78,000

Managers Unit

Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 44Total Units in Letting Pool: 6Holiday Units: 6Owner Occupy Units: 34Outside Agent Units: 4Agreement Term: 10 yearsAgreement Term Remaining: 14 years
Marketing Agent
Tony Ede
Tony Ede

    RAAS Property Group

    RAAS Property Group

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