Surfers Paradise, Queensland

Enjoy the Rewards shown as 17.8% ROI on Purchase Price and 56.9% ROI on the Business!!

$1,399,000

Business Description

This complex offers modern and fully self-contained bigger apartments that are perfect for families and groups.

Because these are bigger apartments they offer the accommodation space and facilities that few other complexes can offer. These family friendly apartments are suitable for up to 8 people and are tastefully furnished, including all conveniences one will need to make their stay relaxed, comfortable and enjoyable. Unlimited WIFI included.

This complex is located only meters from the golden beaches of Surfers Paradise and is in a tropical garden setting. The complex facilities mean one can enjoy the best the Gold Coast has to offer all year round.

NO SET HOURS!! NO NEED TO LIVE ONSITE!! LONG TERM AGREEMENTS!! LOW MULTIPLIER!!, EXCELLENT SYSTEMS IN PLACE!!

Spacious and Comfortable 3-bedroom, 2-bathroom manager’s apartment with one bedroom being used as the office with a separate entrance, laundry, spacious kitchen, huge lounge area leading out to a private patio and overlooking the pool area. One secure undercover parking bay. Images depict venues within close proximity to this 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: $1,399,000 Net Profit: $250,000 Remuneration / Body Corp Salary: $63,000

Managers Unit

Value of Managers Apartment: $960,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On Title

Complex Information

Complex Type: MixedAgreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesBBQ Area: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. The business offers a high return on investment, with a 17.8% ROI on the purchase price and 56.9% ROI on the business.
2. The complex offers modern and fully self-contained apartments that are perfect for families and groups.
3. The apartments are larger than most other complexes, providing more space and facilities for guests.
4. The complex is located only meters from the beach in a tropical garden setting.
5. The facilities at the complex allow guests to enjoy the best of the Gold Coast all year round.
6. The business has no set hours and the manager does not need to live onsite.
7. The complex has long-term agreements in place and a low multiplier.
8. The manager's apartment is spacious and comfortable with a separate office and private patio.
9. The value of the manager's apartment is $960,000.
10. The complex has a mixed type and an accommodation agreement module.
11. The agreement term is 25 years with 20 years remaining.
12. The complex has a pool, spa, and BBQ area for guests to enjoy.

Management Rights Multiplier: 1.76
ROI Estimate: 56.95%