Southport, Queensland

Acquire a Prime, Gold Coast North, Central, High Netting Management Rights | Resort Brokers ID : MR008243

$3,828,000

Business Description

ResortBrokers introduces Allegra Apartments, a premium investment in Southport, Gold Coast.

With a robust Net Operating Profit exceeding $500K and a secured letting pool of 79, this property assures strong financial performance.

Enjoy long-term security of 24-years on your accomodation module.

The manager's residence is a premium two-bedroom, two-bathroom unit and the complex boasts two rooftop deluxe barbecue areas.

With no set office hours, this opportunity offers flexibility and operational efficiency.

- Robust Net Profit consistently exceeding $500K
- Long-term security with 22-year accommodation module
- Stable income from secured letting pool of 79
- Minimal duties due to absence of facilities, enabling focus on property management
- Significant potential for additional repair and maintenance income
- Flexible management with no set office hours
- Manager's residence featuring premium two-bedrooms and two-bathrooms
- Inspections by appointment only
Date updated: 03 Nov 2024 22:00:05

Business Summary

Business Snapshot

Price: $3,828,000 Net Profit: $501,060 Remuneration / Body Corp Salary: $150,783

Managers Unit

Value of Managers Apartment: $772,000Bedrooms: 2Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 117Total Units in Letting Pool: 79Owner Occupy Units: 17Outside Agent Units: 18Agreement Term Remaining: 24 years
Marketing Agent
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