Surfers Paradise, Queensland

Just minutes away from the beach!!

$1,195,000

Business Description

Just minutes away from the beach!!

This compact complex in Surfers Paradise is situated in the perfect area – just minutes from the beach.

The complex features a lovely swimming pool perfect for those idle afternoons to be able to sit and chat with friends and family.

The managers unit consists of 2 Bedrooms and 1 Bathroom, open plan lounge, dining and kitchen, adjoining small on title office, 2 secure car spaces and ample 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: $1,195,000 Net Profit: $88,000 Remuneration / Body Corp Salary: $50,000

Managers Unit

Value of Managers Apartment: $795,000Bedrooms: 2Bathrooms: 1Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 22Total Units in Letting Pool: 9Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesBBQ Area: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Prime location just minutes away from the beach in Surfers Paradise.
2. Compact complex with a lovely swimming pool for residents to enjoy.
3. Manager's unit includes 2 bedrooms, 1 bathroom, open plan living and dining area, small office, 2 secure car spaces, and ample storage.
4. Manager's apartment valued at $795,000.
5. Net profit of $80,000 with a remuneration/body corp salary of $50,000.
6. Pets are allowed in the complex.
7. Complex is a permanent type with 22 units and 9 units in the letting pool.
8. Agreement module is standard with a term of 10 years and 10 years remaining.
9. Amenities include a pool and BBQ area.
10. Opportunity for potential growth and improvement under new management.
11. Inspections can be arranged by contacting Gavin.
12. Disclaimer: Information provided is believed to be accurate, but prospective buyers should conduct their own enquiries to verify the information.

Management Rights Multiplier: 4.55
ROI Estimate: 22.00%