Surfers Paradise, Queensland
Surfers Paradise Management Rights With 3 Bedroom Apartment
SOLD
Business Description
Located just 100 metres to the beach this Surfers Paradise Management Rights Hi-Rise is located on the Southern end of Surfers Paradise. This 4-star complex offers a mix of two and three bedroom fully self-contained apartments with only two units per floor.
The current managers have a mix of both permanent and holiday units in the letting pool. This business is easy to run and has a generous Body Corporate Salary.
Included is a spacious managers unit comprising of 3 bedrooms, 2 bathrooms, separate laundry, huge kitchen with high ceilings throughout. With air-conditioning in the lounge, plenty of storage and a massive courtyard this unit is sure to impress!
This complex features an outdoor Pool, Spa, Tennis Court, Steam Room, Gym, Barbecue Area and Meeting Room / Common Room facilities.
A short 10 minute stroll to an array of local restaurants, cafes and bars or hop on the tram for a 5 minute ride to Broadbeach.
With a low multiplier attached to this business and a unique three bedroom apartment, this type of Management Rights opportunity does not come around often!
Net Profit: $220,865
Property Code: 1109
Business Summary
Managers Unit
Complex Information
Key Investment Insights
1. Prime location just 100 metres from the beach in Surfers Paradise.
2. 4-star complex with a mix of two and three bedroom fully self-contained apartments.
3. Current managers have a mix of permanent and holiday units in the letting pool.
4. Easy to run business with a generous Body Corporate Salary.
5. Spacious 3 bedroom, 2 bathroom managers unit with high ceilings and air-conditioning.
6. Complex features outdoor pool, spa, tennis court, steam room, gym, barbecue area, and meeting room.
7. Short walk or tram ride to an array of local restaurants, cafes, and bars.
8. Low multiplier attached to the business, making it a unique and rare opportunity.
9. Net profit of $220,865.
10. Property code: 1109.
