Surfers Paradise, Queensland

SURFERS PARADISE GEM

SOLD

Business Description

Situated across from Surfers Paradise beach, this holiday apartment business is within a 10 minute walk to the very heart of the Gold Coast.

Featuring self-contained two bedroom apartments, stunning views, secure underground parking and all the luxurious amenities associated with a holiday resort this business offers a terrific work-life balance.

A solid business with a spacious managers apartment

Business Summary

Business Snapshot

Price: SOLD Net Profit: $141,000 Remuneration / Body Corp Salary: $44,300Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
North facing modern managers unit, large courtyard, spa

Complex Information

Complex Type: HolidayStar Rating: 3.5Total Units in Complex: 24Total Units in Letting Pool: 13Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesPay TV: Yes

Other Features / Notes

Spa, Basement Parking,

Key Investment Insights

1. Prime location across from Surfers Paradise beach
2. Within walking distance to the heart of the Gold Coast
3. Self-contained two bedroom apartments with stunning views
4. Secure underground parking
5. Luxurious amenities associated with a holiday resort
6. Offers a great work-life balance
7. Solid business with a spacious managers apartment
8. Net profit of $141,000
9. Remuneration/Body Corp Salary of $44,300
10. Annual CPI body corp salary review
11. Modern managers unit with a large courtyard and spa
12. Pets allowed
13. Complex type: holiday
14. 3.5 star rating
15. 24 units in complex, 13 in letting pool
16. Accommodation agreement module with 25 years remaining
17. Pool and spa facilities
18. Pay TV available
19. Other features include spa and basement parking.

Management Rights Multiplier: 4.96
ROI Estimate: 20.14%

Listing location
Gallery

This Business is sold

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