Surfers Paradise, Queensland

Riverfront and City Living!!

Under Contract / Offer

Business Description

Riverfront and City Living!!

This complex has a fantastic location! Out of the hustle and bustle of Surfers, and set alongside the Nerang River, this complex is just a 5-minute walk from the heart of Surfers Paradise and Cavill Mall. It offers a swimming pool and free private parking.

Each of the air-conditioned apartments offers a well-equipped kitchen, laundry facilities and a spacious living area with a sofa suite and dining setting. Some apartments offer a balcony or backyard. There is also an outdoor BBQ area. Free Wi-Fi is also available. Images might not depict this complex.

With public transport close by one will rarely need to use your car as Pacific Fair, the Star Casino and the popular Broadbeach dining precinct are approximately 10 minutes away.

The manager's unit offers 2 bedrooms and 2 bathrooms, fully equipped and functional kitchen serving a dining and living area, with access to an on title office. Ample storage with one secure car park, and secure access to the building.

To arrange an inspection 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: Under Contract / Offer Net Profit: $50,500 Remuneration / Body Corp Salary: $26,200

Managers Unit

Value of Managers Apartment: $620,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title

Complex Information

Complex Type: HolidayTotal Units in Complex: 16Total Units in Letting Pool: 7Owner Occupy Units: 6Outside Agent Units: 3Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesBBQ Area: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Riverfront location alongside the Nerang River, approximately a 5 minute walk to Surfers Paradise and Cavill Mall.
2. Proximity to public transport, Pacific Fair, the Star Casino and Broadbeach dining precinct, all about 10 minutes away, reducing reliance on a car.
3. Holiday complex of 16 units, with 7 units in the letting pool, 6 owner occupied units and 3 managed by outside agents.
4. Long term accommodation agreement, 25 year term with 24 years remaining, providing contractual continuity.
5. Net profit reported at $50,500, with manager remuneration or body corporate salary of $26,200.
6. Manager’s unit valued at $620,000, comprising 2 bedrooms, 2 bathrooms, one secure car space, ample storage and an on title office.
7. On site amenities include a swimming pool, outdoor BBQ area and free private parking.
8. Apartments are air conditioned, include well equipped kitchens, laundry facilities and spacious living areas; some feature balconies or backyards.
9. Free Wi Fi is provided across the complex.
10. Secure access to the building and a dedicated secure car park for the manager’s unit.
11. Images may not depict this complex, prospective purchasers should verify details.
12. Listing status noted as under contract or subject to offer.

Management Rights Multiplier: 2.28
ROI Estimate: 43.91%