Surfers Paradise, Queensland

Boutique Permanent with No Fixed Hours!!

$715,000

Business Description

Boutique Permanent with No Fixed Hours!!

Vendor Prepared to Sell Without the Rentals, meaning no license required!!

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.

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: $715,000 Net Profit: $52,000 Remuneration / Body Corp Salary: $53,000

Managers Unit

Value of Managers Apartment: $590,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: On Title

Complex Information

Complex Type: PermanentAgreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Permanent accommodation management opportunity with no fixed working hours, suited to industry entrants or portfolio expansion.
2. Vendor is prepared to sell without the rentals, meaning no licence is required.
3. Reported net profit of $52,000, plus $53,000 manager’s unit salary and annual increases by CPI or 4%, whichever is greater.
4. Manager’s ground floor unit is tastefully renovated, with one bedroom, bathroom, laundry, study, office, open plan living and patio.
5. The manager’s apartment is valued at $590,000 and included within the $715,000 asking price.
6. Boutique Gold Coast complex near restaurants, HOTA, public transport and Surfers Paradise beach.
7. Complex provides a pool, secure parking, low body corporate fees and a serene, tranquil environment.
8. On title assets include a large storeroom, adjoining parking bay and office, with 20 years remaining on the 25 year agreement.

Management Rights Multiplier: 2.40
ROI Estimate: 7.27%