GOLD COAST REGION

A Stone Throw From The Beach!!

SOLD

Business Description

A Stone Throw From The Beach!!

This complex offers family friendly quiet 2 bedroom holiday units only a stone throw away from the beach. All north facing apartments overlook the pool and have great ocean views. South East corner apartments have views looking straight out to the beach and ocean. All units are fully self-contained with security parking for 1 car per unit in the locked basement and a lift from the basement to all units.

Situated approximately a 10 minute walk to Surfers Cavill Mall and approximately a 15 minute walk to the Broadbeach Shopping Centre. This complex is situated midway between Surfers Paradise and Broadbeach where there are numerous restaurants, bars and shops within walking distance.

A 2 bedroom, 2 bathroom Managers unit, modern kitchen leading into spacious lounge and dining area, enclosed courtyard leads off dining area and another huge courtyard with a spa leads off from lounge area.

To arrange an inspection please call: Gavin - ---------- or email: ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $125,600 Remuneration / Body Corp Salary: $44,500

Managers Unit

Value of Managers Apartment: $480,000Office: Exclusive Use

A 2 bedroom, 2 bathroom Managers unit, modern kitchen leading into spacious lounge and dining area, enclosed courtyard leads off dining area and another huge courtyard with a spa leads off from lounge area.

Complex Information

Complex Type: Resort/HolidayTotal Units in Complex: 24Owner Occupy Units: 5Outside Agent Units: 1

Marketing Agent

Gavern Property

Gavern Property - Management Rights

Key Investment Insights

- Family-friendly holiday complex with quiet 2 bedroom units
- Prime location only a stone's throw away from the beach
- All units have north-facing views of the pool and ocean
- Fully self-contained units with secure parking and lift access
- Within walking distance to popular tourist destinations such as Surfers Paradise and Broadbeach
- Managers unit features modern kitchen, spacious living and dining areas, and two courtyards
- Net profit of $125,600 and body corp salary of $44,500
- Managers apartment valued at $480,000
- Complex consists of 24 units, with 5 owner-occupied and 1 outside agent unit.

Management Rights Multiplier: 5.00
ROI Estimate: 11.34%