Surfers Paradise, Queensland

Riverfront location, great income with room for growth

$1,755,000

Property Description

This management rights business delivers the lifestyle that the Gold Coast is famous for, and is located in one of the coasts most desired areas.

The managers ground floor open plan 2 bed 2 bath apartment is large and stylishly decorated. The very large private terrace off the living space invites outdoor living with direct access to the tropical grounds and large resort style pool.
With the body corporate salary making up nearly 80% of the net profit the income is secure.

There is ample opportunity to significantly increase the income through taking either the gardening or cleaning contracts (or both) in-house.

This complex is situated on the main river only minutes from the Broadwater and has its own marina with berths for your boat.

Indoor and outdoor pools, tennis courts, gym, sauna, spa, function rooms all add to the lifestyle opportunities while operating this business.

Property Summary

Business Snapshot

Price: $1,755,000 Net Profit: $174,672 Remuneration / Body Corp Salary: $138,772

Managers Unit

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

Complex Information

Complex Type: PermanentTotal Units in Complex: 166Total Units in Letting Pool: 12Holiday Units: 12Owner Occupy Units: 124Outside Agent Units: 4Agreement Term: 10 yearsAgreement Term Remaining: 9 years
Marketing Agent
Tony Ede
Tony Ede

    RAAS Property Group

    RAAS Property Group

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