Surfers Paradise, Queensland

ENJOY BEACHFRONT LIVING WITH A SOLID, HIGH-NET BUSINESS | Resort Brokers ID : MR008214

$2,934,000

Business Description

Step into your well-presented two-bedroom, two-bathroom beachfront apartment, where attractions and entertainment are right on your central Gold Coast doorstep. This opportunity extends beyond the idyllic lifestyle. Imagine seamlessly operating a thriving business while basking in the coastal breeze. The synergy of financial success and freedom awaits you, all against the backdrop of a premium beachfront location.

Nestled in the heart of the Gold Coast, this property enjoys the proximity to key attractions, ensuring a steady stream of visitors and patrons. Whether you’re an experienced operator or a budding entrepreneur, this venture promises growth and prosperity.

A secure investment with 25-year Accommodation agreements with 19 years remaining and an incredibly high net profit backed by a fantastic body corporate salary of $114,803 with CPI increases, this property offers a consistent mixed letting business with growth potential in a thriving Central Gold Coast hub.

Inspections are by appointment only so call Syd today!

- First-time offering in seven years with a long-term agreement of 19 years
- Located a mere 100m from stunning, patrolled beaches
- Prime location, just steps away from top attractions, restaurants, pubs and cafes
- An excellently maintained building with significant growth potential
- Boasts a healthy sinking fund and a progressive body corporate
- Guests can indulge in the outdoor swimming pool, hot tub and a barbecue entertainment area
- No residency requirement, offering flexibility
- Promising investment opportunity with an impressive return on investment of approximately 15%
- Inspection by appointment only
Date updated: 12 May 2024 23:00:18

Business Summary

Business Snapshot

Price: $2,934,000 Net Profit: $446,345 Remuneration / Body Corp Salary: $114,803

Managers Unit

Value of Managers Apartment: $650,000Bedrooms: 2Bathrooms: 2Office: On Title

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 59Total Units in Letting Pool: 31Owner Occupy Units: 12Outside Agent Units: 12Lockup Units: 3Agreement Term Remaining: 19 years
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