Surfers Paradise, Queensland

Caretaking and Letting Permanent Complex in a Prime Location!!

Offers Considered!!

Business Description

Caretaking and Letting Permanent Complex in a Prime Location!!

This dated complex requiring a lot of TLC is situated in Surfers Paradise which is a bustling coastal suburb located on the Gold Coast. Its iconic skyline and pristine beaches make it a highly sought-after destination for residents and tourists alike.

Ideally located only a short stroll to the heart on Surfers Paradise, Patrolled beaches, cafes, light rail & public transport, shops, restaurants and parks. Also situated within close proximity to both public and private primary and secondary schools, and offering residents and guests access to a range of parks, recreational facilities, and of course, the world-renowned beaches.

Some of the dated resort facilities on offer include, pool, spa, squash court, BBQ, games room and secure parking.

On offer: ideal for someone prepared to put in the initial hard yards to reap the long term benefits, no need to live onsite, no fixed hours, no real estate to purchase.

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: Offers Considered!! Net Profit: $143,000 Remuneration / Body Corp Salary: $117,800

Complex Information

Complex Type: PermanentTotal Units in Complex: 60Total Units in Letting Pool: 14Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesGym: YesTennis Court: YesBBQ Area: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Established permanent complex caretaking and letting operation with 22 years remaining on its 25 year agreement.
2. Reported net profit of $143,000, with remuneration and body corporate salary of $117,800.
3. Only 14 of the complex’s 60 units are currently in the letting pool.
4. Prime Surfers Paradise location near beaches, light rail, public transport, shops, restaurants, cafes, parks and schools.
5. No requirement to live onsite and no fixed hours are stated, offering operational flexibility.
6. Existing resort facilities include a pool, spa, gym, tennis court, BBQ area, games room and secure parking.
7. Opportunity suits an operator prepared to undertake initial improvements to the dated complex and pursue longer term benefits.
8. No real estate purchase is required, potentially reducing the acquisition scope compared with property inclusive opportunities.