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: 9Holiday Units: 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. Highly sought-after location: The business is located right on the beach in Surfers Paradise, a popular tourist destination known for its beautiful beaches and lively atmosphere.

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

3. Limited competition: With only 3 units per floor, the business offers a more exclusive and private experience compared to larger apartment complexes in the area.

4. North-facing balconies: All units feature balconies facing north, providing guests with a sunny outlook and maximizing natural light.

5. Fully self-contained units: The units are fully equipped with everything guests need for a comfortable stay, including kitchen facilities, making it a popular choice for longer stays.

6. Secure parking and lift access: The business offers secure parking for 1 car per unit in the locked basement, as well as lift access from the basement, providing convenience and peace of mind for guests.

7. Close proximity to popular attractions: The business is within walking distance to the heart of Surfers Paradise and Broadbeach, offering guests easy access to popular restaurants, nightlife, and shopping centers.

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

9. Lifestyle opportunity: The business offers a lifestyle opportunity for the new 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 new owner.

11. Manager's apartment included: The sale includes a 2-bedroom manager's apartment valued at $595,000, providing a comfortable and convenient living space for the new owner.

12. Pet-friendly: The manager's apartment is pet

Management Rights Multiplier: 4.60
ROI Estimate: 21.74%