Surfers Paradise, Queensland
Caretaking and Letting Just Minutes From The Beach!!
$260,000
Business Description
Caretaking and Letting Just Minutes From The Beach!!
This compact complex in Surfers Paradise is situated in the perfect vacation area - just minutes from the beach. The complex features a lovely swimming pool and barbecue perfect for those idle afternoons to be able to sit and chat with friends and family. Images might not depict this complex.
On offer, a long term agreement, no need to reside onsite and no real estate to purchase.
Be quick to stake your claim.
To arrange an inspection please call: Gavin
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
Business Summary
Business Snapshot
Price: $260,000
Net Profit: $71,800 Remuneration / Body Corp Salary: $37,700
Complex Information
Complex Type: HolidayTotal Units in Complex: 18Total Units in Letting Pool: 5Owner Occupy Units: 9Outside Agent Units: 2Lockup Units: 2Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesBBQ Area: Yes
Key Investment Insights
1. The business is located in Surfers Paradise, a popular vacation area just minutes from the beach.
2. The complex features a swimming pool and barbecue, making it an attractive option for vacationers.
3. The business is being offered with a long-term agreement and no need to reside on site.
4. The complex has a total of 18 units, with 5 units currently in the letting pool.
5. The net profit for the business is $71,800, with a remuneration/body corp salary of $37,700.
6. The complex is primarily a holiday complex, with 9 owner-occupied units and 2 outside agent units.
7. The agreement module for the complex is Accommodation, with a remaining term of 21 years.
8. The business is being sold for $260,000.
9. The complex is well-maintained and has a good reputation, making it a desirable investment opportunity.
10. The business has a potential for growth, as there are currently only 5 units in the letting pool.
