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: 8

Marketing Agent

Gavern Property

Gavern Property - Management Rights

Key Investment Insights

1. Prime location in close proximity to popular tourist areas and public transportation.
2. Manager's unit with 2 bedrooms, 1 bathroom, and 1 car space included.
3. Low net profit of $40,000 and remuneration/body corp salary of $31,200.
4. Manager's apartment valued at $360,000.
5. Complex consists of 20 units with 8 units in the letting pool.
6. Potential for growth and improvement with the right management.
7. Ideal for someone looking for a smaller, more manageable complex.
8. Opportunity for hands-on management and personal touch.
9. Price has been reduced, making it a great deal for potential buyers.
10. Contact information provided for easy inspection arrangements.

Management Rights Multiplier: 1.75
ROI Estimate: 57.14%