Surfers Paradise, Queensland
Location! Location! Location!!! Tick a lot of boxes!!!
Offers over $1,295,000
Property Description
Next to Nerang River, Park,300 m to Beach. 10-12 hrs per week. High and CPI yearly increase BC Salary of $100K, Plus Permanent/Holiday Letting income. Pre-Covid, Net income $191K and up.
It’s a Growth area and you may get this complex at a Good Rate. 2B2B Riverfront Unit, Weekly Rental is $ 660 to $800 per week. Very Solid Letting Pool. Vendor says sell and moves onto next project.
3 mins walking to Beach, Broadbeach, and Light Rail/G:link
5 mins walking to Gold Coast CBD, Surfers Paradise
Manager’s Apartment is 110 sqms, 2 Beds 1Bath 2 Carparks, plus 1 study/computer room, and over 250 sqms exclusive use area.
Outdoor Pool, BBQ, GYM, SPA and Sauna.
Could be run by 1 experience person. Low Multiplier, Low Working Hours, High Stable BC Income, High BC Sinking Fund. Tick lots of boxes.
Bring your Boat or Jet ski for a Semi- Retired Lifestyle.
Property Summary
Business Snapshot
Price: Offers over $1,295,000
Net Profit: $136,640 Remuneration / Body Corp Salary: $100,000Body corp salary review: CPI Annually
Managers Unit
Value of Managers Apartment: $685,000Bedrooms: 2Bathrooms: 1Car Spaces: 2Office: Exclusive UseManager’s Apartment is 110 sqms with over 250 sqms exclusive used area.
Complex Information
Complex Type: MixedTotal Units in Complex: 60Total Units in Letting Pool: 10Holiday Units: 2Permanent Units: 8Outside Agent Units: 3Agreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: Yes