Southport, Queensland

Caretaking of Quality, Luxury and Permanent!!

SOLD

Business Description

Caretaking of Quality, Luxury and Permanent!!

This Caretaking Only at this stage, is in a magnificent secure gated complex located in the Gold Coasts most prestigious and exclusive T.S.S precinct.

This complex is in close proximity to excellent Public and Private Schools, Restaurants, Yacht and Surf Clubs, main access routes to both Coolangatta and Brisbane, whilst also being close to the Light Rail stations, Shopping Centres, Medical facilities and the Broadwater. The scale and vision of this complex is breathtaking, with a private environment location, quality and luxurious fittings and fixtures.

The Manager's apartment is located on the ground floor and is of two bedroom, two bathroom design with a separate study leading out to an on-title private balcony/courtyard, with private access to the pool. A spacious and luxurious apartment with high ceilings, reverse cycle ducted air-conditioning, upmarket kitchen with 2 pak gloss finished doors, granite benchtops and splashbacks, Miele appliances, Grohe tapware, Villeroy & Boch toilet suites and basins with spa bath, marble tiles and wool carpets all ensures for comfortable living.

A desirable property not to be missed.

To arrange an inspection please call: Gavin - ---------- or email: ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $81,400 Remuneration / Body Corp Salary: $81,400

Managers Unit

Value of Managers Apartment: $880,000Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 28

Marketing Agent

Gavern Property

Gavern Property - Management Rights

Key Investment Insights

1. Located in a prestigious and exclusive area of the Gold Coast with close proximity to top schools, restaurants, and amenities.
2. Magnificent secure gated complex with private environment and luxurious fittings and fixtures.
3. Manager's apartment is spacious and luxurious with high ceilings, modern kitchen and appliances, and private access to the pool.
4. Desirable property with a net profit of $81,400 and remuneration/body corp salary of $81,400.
5. Manager's apartment valued at $880,000.
6. Complex is permanent, with a total of 28 units.
7. Close to main access routes and public transportation.
8. Manager's apartment includes a separate study and private balcony/courtyard.
9. Complex includes a spa bath and marble tiles for added luxury.
10. Opportunity for comfortable living and potential for growth in the future.

Management Rights Multiplier: 5.22
ROI Estimate: 19.15%