Surfers Paradise, Queensland
HIGHLY MOTIVATED VENDORS
SOLD
Business Description
Opportunity for an energetic manager to capitalise on the potential of this established holiday highrise plum in the heart of downtown Surfers Paradise.
With alluring waves of a patrolled beach on one side and Light Rail station and entertainment precinct on the other this fabulous location sells itself to value focussed guests seeking the fun, sand and surf experience the Gold Coast is famous for.
Manager’s comfortable north facing apartment has two bedrooms, ensuite and sunny garden balcony.
Vendors are highly motivated and have priced to sell fast.
Business Summary
Business Snapshot
Price: SOLD
Net Profit: $164,876 Remuneration / Body Corp Salary: $65,283Body corp salary review: CPI Annually
Managers Unit
Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: Exclusive UsePets OK: YesGround Floor, 2 bed, 2 bathroom, 2 car spaces, tiled floors, balcony, north east facing unit
Complex Information
Complex Type: HolidayStar Rating: 3.5Total Units in Complex: 54Total Units in Letting Pool: 12Owner Occupy Units: 12Outside Agent Units: 25Lockup Units: 4Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 15 yearsPool: YesSauna: YesPay TV: Yes
Other Features / Notes
Great Value BusinessKey Investment Insights
1. Prime location in the heart of downtown Surfers Paradise, with a patrolled beach on one side and a Light Rail station and entertainment precinct on the other.
2. Established holiday highrise with potential for growth.
3. Alluring waves and a fun, sand and surf experience attracts value-focused guests.
4. Manager's comfortable north facing apartment with two bedrooms, ensuite, and sunny garden balcony.
5. Highly motivated vendors with a priced-to-sell fast approach.
6. Net profit of $164,876 and remuneration/Body Corp salary of $65,283.
7. Manager's unit features two bedrooms, two bathrooms, two car spaces, tiled floors, balcony, and is north-east facing.
8. Complex information includes a holiday complex type, 3.5-star rating, 54 total units, 12 units in the letting pool, and 12 owner-occupied units.
9. Other features include a pool, sauna, and pay TV.
10. Great value business opportunity.
