Surfers Paradise, Queensland
Beachside Gem in Superb Surfers Paradise
Expression of Interest
Business Description
• Highly Sought after apartment complex, close to all amenities
• Stroll to the beach, magnificent ocean view
• Potentials to grow permanent, short-term/holiday lettings
• Long term agreement with 24 years remaining
• Current net profit over $121K, including 50% of guaranteed income from body corporate salary
• Renovated manager unit in an immaculate condition
Business Summary
Business Snapshot
Price: Expression of Interest
Remuneration / Body Corp Salary: $60,187
Managers Unit
Value of Managers Apartment: $750,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitleComplex Information
Complex Type: PermanentTotal Units in Complex: 42Total Units in Letting Pool: 17Agreement Module: StandardAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: Yes
Key Investment Insights
1. Highly sought after location in Surfers Paradise, close to all amenities and within walking distance to the beach.
2. Potential to increase income through permanent, short-term, or holiday lettings.
3. Long term agreement with 24 years remaining, providing stability and potential for long-term growth.
4. Current net profit of over $121K, including 50% of guaranteed income from body corporate salary.
5. Renovated manager unit in immaculate condition, providing comfortable living quarters for the managers.
6. Complex consists of 42 units, with 17 units in the letting pool, providing potential for growth in the letting pool.
7. Agreement module is standard, providing flexibility for the managers to manage the complex.
8. On-site pool adds value to the complex and provides an attractive feature for potential tenants.
9. Manager's apartment has a value of $750,000, providing a valuable asset for the managers.
10. Opportunity for new owners to capitalize on the high demand for beachside living in Surfers Paradise.