Surfers Paradise, Queensland

Glamourous, Elegant and Immaculate!!!

$1,980,000

Business Description

Glamourous, Elegant and Immaculate!!!

A permanent riverside complex that almost presents as new and is regarded as being one of the best around. The interior of this complex exudes quality and luxury, as does the exterior with manicured and lush grounds, and resort style amenities - all this and within walking distance to the beach.

The complex facilities include: riverside heated pool, well-equipped gym, two barbeques, pontoon, Zen garden area, secure lobby leading to media room and residents lounge area. Images might not depict this complex.

Immaculate north facing 2 bedroom 2 bathroom managers apartment, spacious and elegant lounge and dining area, a modern fully equipped kitchen and a separate laundry. In addition an attached on title office and a secure private courtyard with direct and private access to the pool area.

Gallery Vie compliant, 25 year agreements, contactable between 9am and 3pm, ability to appoint a nominee, gardens maintained by the BC and a supportive Committee. Included in the figures is $120,000 salary derived from a nearby complex offering a yearly caretaking agreement.

Definitely a MUST SEE COMPLEX with abundant lifestyle qualities!!!

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: $1,980,000 Net Profit: $251,000 Remuneration / Body Corp Salary: $228,000

Managers Unit

Value of Managers Apartment: $1,400,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 55Total Units in Letting Pool: 9Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesSpa: YesGym: YesBBQ Area: YesFunction Facilities: YesMarina Berth: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Highly desirable location, with a permanent riverside complex that is within walking distance to the beach.
2. Exudes quality and luxury, with manicured and lush grounds and resort-style amenities.
3. Immaculate and well-maintained, with a modern and elegant interior.
4. Includes a spacious and well-appointed 2 bedroom, 2 bathroom manager's apartment with an attached office and private courtyard.
5. Gallery Vie compliant with 25-year agreements, making it a secure and stable investment.
6. Ability to appoint a nominee and supportive committee.
7. Includes a yearly caretaking agreement for an additional $120,000 in salary.
8. Abundant lifestyle qualities, with a riverside heated pool, gym, barbeques, pontoon, Zen garden, media room, and residents lounge.
9. Pets are allowed in the manager's apartment.
10. Total of 55 units in the complex, with 9 units in the letting pool.
11. Agreement module is Accommodation with 24 years remaining on the agreement term.
12. Additional facilities include a spa, function facilities, and a marina berth.

Management Rights Multiplier: 2.31
ROI Estimate: 43.28%