Surfers Paradise, Queensland

Business For Sale - Permanent Management Rights - Surfers Paradise - ID 9062 BL

$2,135,000

Property Description

Management Rights For Sale
Surfers Paradise Icon

- Highrise management rights of 119 units
- 26 in the letting pool, 23 permanent and 3 holiday
- Located in the heart of Surfers Paradise
- Combination of 1 & 2 bedroom units
- New agreements
- Office on title
- Amenities include 3 pools (2 heated), spa, sauna, BBQ's, tennis court, games room
- Long term tenants and rents up to $530 per week
- Stroll to beach, cafes and restaurants
- Security parking

Iconic building in the heart of Surfers Paradise. Great salary for manager and close to everything. Monday to Friday office hours only. 2 bedroom, 2 bathroom manager's residence.

Net Profit: $273,000
Total Asking Price: $2,135,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Exclusive Management Rights Broker
Warren Oliver

Property Summary

Business Snapshot

Price: $2,135,000 Net Profit: $273,000 Remuneration / Body Corp Salary: $215,395Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $650,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Located on the 2nd floor, Two bedrooms, Two bathrooms, Air conditioning, Large balcony overlooking tropical gardens, Storage and single car space

Complex Information

Complex Type: PermanentTotal Units in Complex: 119Total Units in Letting Pool: 26Holiday Units: 3Permanent Units: 23Owner Occupy Units: 43Outside Agent Units: 42Lockup Units: 4Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesIndoor Pool: YesSpa: YesSauna: YesTennis Court: YesGames Room: YesBBQ Area: YesWIFI: Yes
Marketing Agent
Warren Oliver
Warren Oliver

Listing location
Gallery

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