Surfers Paradise, Queensland
Absolute River Frontage in Surfers Paradise - ID 9169
$1,550,000
Business Description
Mixed Letting Management Rights For Sale
Minutes To Fabulous Gold Coast Beach
- Easily managed by a couple
- 2 bedroom, 1 bathroom manager's unit (easily converted to 3 bedroom)
- Office / reception / lobby all exclusive use
- Adjacent to a park
- Light rail at the front of the building
- Full resort facilities - pool, gym, spa, sauna
- Easy care grounds provide a relaxing environment
- Marina with capcity for several boats (only $20 per week each)
- No major works to be completed with $1M sinking fund
- Minutes to iconic Surfers Paradise beach
- Full 10 years to run on agreements
Ideal business for first timers to the management rights industry. Healthy salary and inocme with a supportive committee intent on building upkeep. Genuine reason for selling, long term owners wanting to relocate.
Net Profit: $205,559
Asking Price: $1,550,000
(Inclusive of manager's real estate)
For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:
Management Rights Broker
Gerard Dixon
Property Code: 907
Business Summary
Business Snapshot
Price: $1,550,000
Net Profit: $205,559 Remuneration / Body Corp Salary: $117,713
Managers Unit
Value of Managers Apartment: $795,000Bedrooms: 2Bathrooms: 1Car Spaces: 2Office: Exclusive Use2 bedroom, 1 bathroom, office and two living areas which offers potential to convert to 3 bedrooms. Additonal office/lobby/reception on exclusive use. Media room, linen rooms and 2 parking spaces.
Complex Information
Complex Type: MixedTotal Units in Complex: 64Total Units in Letting Pool: 15Owner Occupy Units: 45Outside Agent Units: 2Lockup Units: 1Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 8 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: YesWIFI: Yes
Key Investment Insights
Management Rights Multiplier: 3.67
ROI Estimate: 27.23%