Surfers Paradise, Queensland

THIS MAYBE THE GEM YOU HAVE BEEN LOOKING FOR | Resort Brokers ID : MR007758

$1,150,000

Business Description

Welcome to your crown jewel beachside living and business.

Located just 50m from a beautiful beach, this property offers the perfect opportunity for a new and exciting business venture. With popular amenities, cafes, restaurants, and sporting precincts just a short distance away, this MR business is perfectly situated for new and returning clients.

The property has been well-maintained and is ready for its new owner to effortlessly take over and start earning from day one. You'll be able to enjoy the perfect work-life balance here - allowing you to live the lifestyle you've always dreamed of while running a thriving business.

Don't miss out on this incredible opportunity! Invest in your lifestyle today and start living your dream!

- Sought after location, close to world class facilities and attractions, schools, shops and public transport.
- Opportunity to increase letting pool
- Easily managed by one person. Low maintenance gardens and amenities
- No set office hours
- Large Managers unit with huge exclusive use courtyard
- Large exclusive use storage areas for business and private use
- Excellent committee and supportive Body Corporate
- Just footsteps from the beach. You and your guests will love this!
- Inspectioons by appointment only

Date updated: 26 Nov 2023 22:00:08

Business Summary

Business Snapshot

Price: $1,150,000 Net Profit: $134,432 Remuneration / Body Corp Salary: $52,063

Managers Unit

Value of Managers Apartment: $610,000Bedrooms: 2Bathrooms: 2Office: On Title

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 20Total Units in Letting Pool: 12Holiday Units: 12Owner Occupy Units: 6Outside Agent Units: 1Lockup Units: 1Agreement Term Remaining: 25 years

Marketing Agent

Syd Douglas

ResortBrokers

Key Investment Insights

1. Prime location near popular amenities, cafes, restaurants, and sporting precincts.
2. Potential to increase letting pool and revenue.
3. Easily managed by one person with low maintenance gardens and amenities.
4. No set office hours.
5. Large manager's unit with exclusive use courtyard.
6. Ample storage areas for business and private use.
7. Supportive Body Corporate and excellent committee.
8. Just a few steps away from a beautiful beach.
9. Inspection by appointment only.
10. Includes a video tour for potential buyers.
11. Net profit of $134,432 and remuneration/Body Corp salary of $52,063.
12. Manager's apartment valued at $610,000 with 2 bedrooms, 2 bathrooms, and an office.
13. Complex type is resort/holiday with a total of 20 units.
14. 12 units in the letting pool, all of which are holiday units.
15. 6 owner-occupied units and 1 outside agent unit.
16. 25 years remaining on the agreement term.

Management Rights Multiplier: 4.02
ROI Estimate: 24.89%