Surfers Paradise, Queensland

Absolute River Frontage in Surfers Paradise - ID 9169

$1,670,000

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: $1,670,000
(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: $1,670,000 Net Profit: $205,559 Remuneration / Body Corp Salary: $117,713

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 2Bathrooms: 1Car Spaces: 2Office: Exclusive Use

2 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

Marketing Agent

Gerard Dixon

MR Sales

Key Investment Insights

- 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 capacity 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 income with a supportive committee intent on building upkeep
- Genuine reason for selling, long term owners wanting to relocate
- Net Profit: $205,559
- Asking Price: $1,670,000 (Inclusive of manager's real estate)
- Value of Managers Apartment: $850,000
- Bedrooms: 2
- Bathrooms: 1
- Car Spaces: 2
- Office: Exclusive Use
- Complex Type: Mixed
- Total Units in Complex: 64
- Total Units in Letting Pool: 15
- Owner Occupy Units: 45
- Outside Agent Units: 2
- Lockup Units: 1
- Manager Units: 1
- Agreement Module: Standard
- Agreement Term: 10 years
- Agreement Term Remaining: 8 years
- Pool: Yes
- Spa: Yes
- Sauna: Yes
- Gym: Yes
- BBQ Area: Yes
- WIFI: Yes

Management Rights Multiplier: 3.99
ROI Estimate: 25.07%