Surfers Paradise, Queensland

Boutique Permanent with No Fixed Hours!!

$680,000

Business Description

Boutique Permanent with No Fixed Hours!!

A small boutique and well-presented complex situated in the heart of the Gold Coast and in close proximity to an array of restaurants, HOTA, public transport and the famous Surfers Paradise beach. Images might not depict this complex.

Although a small complex, on offer is a serene and tranquil environment complemented with a pool, secure parking, low Body Corporate fees and no fixed working hours. Ideal for someone wanting to enter the industry, or someone who wants to add such a bolt-on to their portfolio.

The manager ground floor unit has been tastefully renovated. The unit comprises bedroom, bathroom with laundry, study cum office, open plan dining and living area leading out to a patio at the front with the abundant fragrance of flowers, and the back of the unit with skyline views of Surfers Paradise.

Also on offer - Huge storeroom and adjoining parking bay on title, salary increases annually by either CPI or 4% whichever is greatest.

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: $680,000 Net Profit: $48,000 Remuneration / Body Corp Salary: $50,600

Managers Unit

Value of Managers Apartment: $510,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 20Total Units in Letting Pool: 5Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 16 yearsPool: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Small boutique complex in a prime location on the Gold Coast, close to amenities and attractions.
2. Tranquil and serene environment with low Body Corporate fees and no fixed working hours.
3. Manager's ground floor unit has been tastefully renovated and includes a study/office.
4. Additional features include a pool, secure parking, and a large storeroom.
5. Annual salary increases by either CPI or 4%, whichever is greater.
6. Ideal for someone looking to enter the industry or add to their portfolio.
7. Manager's unit valued at $510,000.
8. Complex consists of 20 units with 5 in the letting pool.
9. Agreement module is Accommodation with 16 years remaining.
10. Pool on site for residents to enjoy.

Management Rights Multiplier: 3.54
ROI Estimate: 28.24%