Surfers Paradise, Queensland

Strong Returns On This Investment

SOLD

Business Description

Manager may live off site.

Well presented 3 storey walk up holiday complex with a minimum of gardening.

All apartments are one bedroom and one bathroom.

Located within walking distance to the heart of the Glitter Strip.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $278,000 Remuneration / Body Corp Salary: $51,043Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $265,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: No

Complex Information

Complex Type: HolidayStar Rating: 3Total Units in Complex: 40Total Units in Letting Pool: 30Owner Occupy Units: 7Outside Agent Units: 2Lockup Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesPay TV: Yes

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

1. The business has a strong net profit of $278,000.
2. The manager can live off site, providing flexibility and convenience.
3. The holiday complex is well presented and requires minimal gardening.
4. All apartments are one bedroom and one bathroom, making them suitable for couples or solo travelers.
5. The location is within walking distance to the popular tourist destination, the Glitter Strip.
6. The managers' unit is valued at $265,000 and has one bedroom, one bathroom, and one car space.
7. The complex is a holiday type with a 3-star rating.
8. There are a total of 40 units in the complex, with 30 in the letting pool.
9. The agreement module is accommodation, providing stability for the business.
10. The agreement term is 25 years with 20 years remaining.
11. The complex has a pool and pay TV for guests' enjoyment.

Management Rights Multiplier: 5.18
ROI Estimate: 19.31%