Surfers Paradise, Queensland

RESORT STYLE LIVING!!

$2,050,000

Business Description

RESORT STYLE LIVING!!

This is a premium residential only complex with an absolute Main River aspect, allowing for an easy walk to the beach and light rail, enabling accessibility to shops and cafes in Broadbeach and Surfers Paradise.

A complex offering the following features - pets allowed (with body corporate approval), a flood lit tennis court, riverside BBQ, heated pool and spa, owners lounge, 35 seat cinema, sauna, gym, marina berths and a riverfront boardwalk. Images might not depict this complex.

Long term agreements, workable hours, supportive BC Committee, and Security Patrols. Figures incorporate commission from external rentals, and a marina berth rental.

A Modern renovated 2 bedroom 2 bathroom manager's apartment with open plan dining and lounge area adjoining a fully functional kitchen. Separate access from the apartment to all the amenities that makes this complex so great, and in addition an adjoining exclusive use office, secure parking and storage.

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: $2,050,000 Net Profit: $218,600 Remuneration / Body Corp Salary: $155,300

Managers Unit

Value of Managers Apartment: $1,050,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: Exclusive Use

Complex Information

Complex Type: PermanentTotal Units in Complex: 76Total Units in Letting Pool: 11Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesSpa: YesSauna: YesGym: YesTennis Court: YesBBQ Area: YesFunction Facilities: YesMarina Berth: Yes

Other Features / Notes

In house cinema

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Premium residential complex with an absolute Main River aspect.
2. Easy walk to the beach and light rail, enabling accessibility to shops and cafes in Broadbeach and Surfers Paradise.
3. Pet-friendly (with body corporate approval).
4. Flood-lit tennis court, riverside BBQ, heated pool and spa, owners lounge, 35-seat cinema, sauna, gym, marina berths, and riverfront boardwalk.
5. Long-term agreements, workable hours, supportive BC Committee, and security patrols.
6. Figures incorporate commission from external rentals and marina berth rental.
7. Modern renovated 2 bedroom 2 bathroom manager's apartment with open plan dining and lounge area.
8. Separate access from the apartment to all amenities.
9. Adjoining exclusive use office, secure parking, and storage.
10. Manager's apartment valued at $1,050,000.
11. Complex type: Permanent.
12. Total units in complex: 76.
13. Total units in letting pool: 11.
14. Agreement module: Accommodation.
15. Agreement term: 25 years.
16. Agreement term remaining: 24 years.
17. Pool, spa, sauna, gym, tennis court, BBQ area, function facilities, and marina berth available.
18. In-house cinema.

Management Rights Multiplier: 4.57
ROI Estimate: 21.86%