Surfers Paradise, Queensland
What is the Best Location, Lifestyle and Income for You?
$1,755,000
Business Description
Atlantis West is an exceptional premier residential development on the Gold Coast. Ideally located at the entrance to prestigious Paradise Waters and fronting the tranquil waterways of the Nerang River, while only a short walk across the bridge to the fabulous sands of Narrowneck Beach. Atlantis West, is situated on seven and a half acres of magnificent award winning tropical gardens and facilities, and is the slightly newer of the majestic twin towers. Unlike many newer developments, this iconic building is known for its enviable location, high ceilings, expansive balconies and panoramic views, Atlantis West attracts residential residents and discerning investors.
We direct your attention to offer a management rights business, located in one of the most desirable locations on the Gold Coast, delivering style, lifestyle and income. With the body corporate salary making up nearly 80% of the net profit, the income is secure. The letting pool income adds additional opportunity. Caretaking is overseeing; as the body corporate pays for, security, gardening, cleaning and maintenance and this is handled by outside contractors. There is easy potential to increase your income, should you wish to undertake additional duties, you may contract to the Body Corporate and increase the income substantially.
Managers Apartment and Office
*Ground floor
*Master bedroom with ensuite
*2nd bedroom with terrace access
*Full guest bathroom
*Expansive private terrace for relaxation and entertainment
*Private pedestrian gate access to grounds and pool
*Office is on the title, ample space for storage
This attractive management rights business is keenly priced and will attract strong attention so be quick and let us show you how you can become part of this active and friendly community while reaping the benefits of the income.
Facilities
*Lush Tropical Gardens
*Resort style outdoor pool
*Indoor lap pool and spa
*Sauna and Steam Room
*Well equipped Gymnasium
*Three full sized tennis courts with night lighting
*Barbeques and Gazebo
*Private Marina
*Library
*Meeting Room
*Clubhouse and Function Facility
*On-site Management
*Security Guards
*On site Surveillance
*System Foxtel cabling
Location
*Prestigious Paradise Waters located in Surfers Paradise
*Known for waterfront properties and luxurious living
*Situated on the main Nerang river, minutes to the Broadwater
*Walk to Tedder Ave, Main Beach and gorgeous Narrowneck Beach
This attractive management rights business is keenly priced and will attract strong attention so be quick and let us show you how you can become part of this active and friendly community while reaping the benefits of the income.
Please contact Exclusive Agent Michelle Gee on ---------- or ----------
Business Summary
Business Snapshot
Price: $1,755,000
Net Profit: $177,752 Remuneration / Body Corp Salary: $145,711
Managers Unit
Value of Managers Apartment: $1,000,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Complex Information
Complex Type: PermanentTotal Units in Complex: 166Total Units in Letting Pool: 10Holiday Units: 10Owner Occupy Units: 126Outside Agent Units: 4Lockup Units: 25Agreement Term: 10 yearsAgreement Term Remaining: 9 years
Key Investment Insights
1. Premier residential development located in Paradise Waters, Gold Coast
2. Fronting the tranquil waterways of the Nerang River and a short walk to Narrowneck Beach
3. Iconic building known for its enviable location, high ceilings, expansive balconies, and panoramic views
4. Management rights business with secure income from body corporate salary and potential for additional income from letting pool
5. Ground floor manager's apartment with private terrace and office on title
6. Attractive facilities including lush tropical gardens, resort-style pools, gym, tennis courts, and more
7. Prestigious location known for waterfront properties and luxurious living
8. Minutes to the Broadwater and walking distance to Tedder Ave and Main Beach
9. Keenly priced business with strong potential for growth and opportunity to become part of an active and friendly community
10. Exclusive agent contact information provided for further inquiries.
Management Rights Multiplier: 4.25
ROI Estimate: 23.54%