53 Darrambal Street, Surfers Paradise, Queensland

Permanent Management Rights in the heart of the Gold Coast. No Office hours and easy operation.

$1,325,000

Property Description

700m to the beach
12 units in permanent letting pool
2 bed, 2 bath, 1 car, Manager’s unit included
Net profit approx. $143,000
BC salary of $88,620 plus GST with 3% yearly increases included
23 years to run
Bonus income through Body Corp Maintenance
Heated swimming pool, spa and sauna
Security parking and gym
Unit value: $595,000
Business value: $730,000

Property Summary

Business Snapshot

Price: $1,325,000 Net Profit: $143,000 Remuneration / Body Corp Salary: $88,620Body corp salary review: Fixed %

Managers Unit

Value of Managers Apartment: $595,000Bedrooms: 2Bathrooms: 2Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Letting Pool: 12Permanent Units: 12Agreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesSpa: YesSauna: YesGym: Yes
Marketing Agent
Chris Cameron
Chris Cameron

Listing location
Gallery

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