Permanent management rights, Surfers Paradise QLD

Key Investment Insights

1. Exclusive permanent residential only complex situated between Surfers Paradise and Broadbeach.
2. Full resort facilities including tennis court, theatre room, gym, spa, sauna, heated pool and a private marina.
3. Manageable duties for one person complimented with a supportive committee.
4. Beautifully renovated managers unit with 2 bed & 2 bath unit, along with 2 car spaces exclusive use storage areas and even a marina berth.
5. Current net income of $202,696 not including unit sales of over $80,000 p/a on average over the last three years.
6. 11 units in the rental pool all with great long-term renters making for a light well rewarded workload.
7. Price: $2,150,000
8. Net Profit: $202,696
9. Remuneration / Body Corp Salary: $152,912
10. Value of Managers Apartment: $1,100,000
11. Bedrooms: 2
12. Bathrooms: 2
13. Car Spaces: 2
14. Pets OK: Yes
15. Complex Type: Permanent
16. Total Units in Complex: 76
17. Total Units in Letting Pool: 11
18. Owner Occupy Units: 55
19. Lockup Units: 10
20. Agreement Term: 25 years
21. Agreement Term Remaining: 24 years
22. Pool: Yes
23. Spa: Yes
24. Sauna: Yes
25. Gym: Yes
26. Tennis Court: Yes
27. Marina Berth: Yes

Management Rights Multiplier: 5.18
ROI Estimate: 19.30%