Surfers Paradise, Queensland

Absolute Beachfront – Surfers Paradise

SOLD

Business Description

Boutique apartments featuring 1, 2 and 3 bedroom holiday units right on the beach with only 3 units per floor.

All balconys facing north for a sunny outlook.
Units are fully self-contained with security parking for 1 car per unit in the locked basement and a lift from the basement.

Only 10 minutes walk to the heart of Surfers Paradise and 15 minutes walk to Broadbeach’s nightlife and shopping centres

Private access to walk straight to the beach which is patrolled all year round by life savers or life guards.

Lifestyle Opportunity

Business Summary

Business Snapshot

Price: SOLD Net Profit: $76,080 Remuneration / Body Corp Salary: $51,157Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $595,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes

Complex Information

Complex Type: HolidayStar Rating: 3.5Total Units in Complex: 18Total Units in Letting Pool: 9Owner Occupy Units: 5Outside Agent Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesPay TV: Yes

Other Features / Notes

Pool, Lift, Secure Underground Parking, Foxtel, WiFi

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

1. Prime location: The business is located in Surfers Paradise, a highly sought-after tourist destination on the Gold Coast, with direct access to the beach.

2. Diverse range of units: The business offers a variety of 1, 2, and 3 bedroom holiday units, catering to different types of guests and their needs.

3. High occupancy rates: With its beachfront location and proximity to popular attractions, the business has a high occupancy rate, ensuring a steady stream of income for the owner.

4. Sunny outlook: All units have balconies facing north, providing guests with a sunny and pleasant outlook.

5. Fully self-contained units: The units are fully self-contained, providing guests with all the necessary amenities for a comfortable stay.

6. Secure parking: Each unit has one designated parking spot in the locked basement, providing guests with peace of mind and convenience.

7. Walking distance to popular areas: The business is within walking distance to the heart of Surfers Paradise and Broadbeach, making it an attractive option for guests looking to explore the area.

8. Private beach access: The business has a private access point to the beach, which is patrolled by life savers or guards all year round, providing guests with a safe and enjoyable beach experience.

9. Lifestyle opportunity: The business offers a lifestyle opportunity for the owner, with the potential to live on-site and enjoy the beachfront location.

10. Strong financials: The business has a net profit of $76,080 and a remuneration/body corp salary of $51,157, providing a solid financial return for the owner.

11. Manager's unit included: The sale includes a 2-bedroom manager's unit valued at $595,000, providing the owner with a comfortable living space.

12. Pet-friendly: The manager's unit is pet-friendly, allowing the owner to have their furry companions with them.

13. Holiday complex: The business is a holiday complex, providing the owner

Management Rights Multiplier: 4.60
ROI Estimate: 21.74%