Surfers Paradise, Queensland

Riverfront and City Living!!

$735,000

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: $735,000 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, five-minute walk to Surfers Paradise and Cavill Mall.
2. Asking price $735,000, reported net profit $73,500, manager remuneration/body corp salary $25,700.
3. Manager’s unit valued at $540,000, two bedrooms, two bathrooms, one secure car space, on-title office, secure building access.
4. Complex type holiday, total 16 units, seven units in the letting pool, six owner-occupy units, three outside agent units.
5. Long-term accommodation agreement originally 25 years, 18 years remaining, indicating contract stability.
6. Onsite guest amenities include a swimming pool, outdoor BBQ area, free private parking and free Wi-Fi.
7. Apartments are air-conditioned with well-equipped kitchens, laundry facilities and spacious living/dining areas; some units have balconies or backyards.
8. Close to public transport, approximately 10 minutes to Pacific Fair, The Star Casino and Broadbeach dining precinct, reducing reliance on cars.
9. Manager’s unit includes ample storage and one secure car park, providing operational convenience for onsite management.
10. Significant portion of the asset value is represented by the manager’s apartment relative to the total asking price, which may affect valuation and sale structure.

Management Rights Multiplier: 2.28
ROI Estimate: 43.91%