Surfers Paradise, Queensland

Elegant, Stylish and Immaculate!!!

$1,850,000

Business Description

Elegant, Stylish and Immaculate!!!

Permanent riverside complex at Budds Beach that 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 and spa, well-equipped gym, two barbeques, pontoon, 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, separate laundry and a secure private courtyard.

New 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.

Definitely a MUST SEE COMPLEX!!!

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: $1,850,000 Net Profit: $130,700 Remuneration / Body Corp Salary: $107,700

Managers Unit

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

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. Permanent riverside complex with luxurious amenities and close proximity to the beach.
2. Immaculate and elegant interior and exterior design.
3. New Gallery Vie compliant 25 year agreements.
4. Contactable between 9am and 3pm with the ability to appoint a nominee.
5. Gardens maintained by the Body Corporate and supportive Committee.
6. Managers apartment valued at $1,400,000 with 2 bedrooms, 2 bathrooms, and an office.
7. Complex has 55 units with 9 in the letting pool.
8. Agreement module is Accommodation with 24 years remaining.
9. Resort-style facilities including heated pool and spa, gym, BBQ area, function facilities, and marina berth.
10. Net profit of $130,700 with a remuneration/body corp salary of $107,700.

Management Rights Multiplier: 3.44
ROI Estimate: 29.04%