Surfers Paradise, Queensland

Vendor Slashes Price!!

SOLD

Business Description

A little Gem just off the beaten track!!

The central location sees you a short walking distance to central Surfers Paradise and in close proximity to Broadbeach with the new light rail virtually on your doorstep.

Managers unit consisting of 2 bedrooms, 1 bathroom and 1 car space.

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

Business Summary

Business Snapshot

Price: SOLD Net Profit: $40,000 Remuneration / Body Corp Salary: $31,200

Managers Unit

Value of Managers Apartment: $360,000Office: On Title

Managers unit consisting of 2 bedrooms, 1 bathroom and 1 car space.

Complex Information

Complex Type: PermanentTotal Units in Complex: 20Total Units in Letting Pool: 8Permanent Units: 8

Marketing Agent

Gavern Property

Gavern Property - Management Rights

Key Investment Insights

1. Prime central location with easy access to Surfers Paradise and Broadbeach.
2. Close proximity to new light rail.
3. Manager's unit with 2 bedrooms, 1 bathroom, and 1 car space.
4. Affordable price point for potential buyers.
5. Potential for growth and increased profits.
6. Low remuneration/body corp salary.
7. On-site office included in the sale.
8. Complex consists of 20 units with 8 currently in the letting pool.
9. Combination of permanent and holiday units.
10. Ideal for owner-operators or investors looking for a manageable property.

Management Rights Multiplier: 1.75
ROI Estimate: 57.14%