Surfers Paradise, Queensland

Riverside and Close to the Beach!!! Vendor Meets The Market!!

SOLD

Business Description

Riverside and Close to the Beach!!!

This beautiful complex consists of a fifteen level tower of two bedroom Apartments, some with a spa bath, all with 3 balconies, and many have stunning views. This resort is right on a canal waterway coming off the Nerang River, so it has stunning river views and is perfect for kayaking, but still only a few minute walk from the surf. Communal areas include a Lap Pool, a pontoon on the river, BBQ Entertainment area and a Garden for private functions.

This complex is ideal for those astute buyers wishing to enter the management rights industry, for those who wish to retire whilst being able to tap into a reasonable income and also for those in the industry wishing to add to their existing management rights property portfolio.

Private and Modern 1 bedroom 1 bathroom apartment that can be converted into a 2 bedroom apartment. Easy access from the apartment to all the amenities that makes this complex so great, and the secure parking area.

Well worth an inspection.

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

Business Summary

Business Snapshot

Price: SOLD Net Profit: $115,800 Remuneration / Body Corp Salary: $47,500

Managers Unit

Value of Managers Apartment: $280,000Office: On Title

Private and Modern 1 bedroom 1 bathroom apartment that can be converted into a 2 bedroom apartment. Easy access from the apartment to all the amenities that makes this complex so great, and the secure parking area.

Complex Information

Complex Type: Resort/HolidayTotal Units in Complex: 30Owner Occupy Units: 5Outside Agent Units: 13BBQ Area: YesWIFI: Yes

Marketing Agent

Gavern Property

Gavern Property - Management Rights

Key Investment Insights

1. Prime location: The complex is situated in a highly desirable location, close to both the river and the beach, making it an attractive option for potential buyers.

2. Stunning views: Many of the apartments in the complex offer stunning views of the river and surrounding area, adding to the overall appeal of the property.

3. Communal amenities: The complex offers a range of communal amenities including a lap pool, a pontoon on the river, BBQ entertainment area, and a garden for private functions. These amenities add value for residents and make the property more attractive for potential buyers.

4. Ideal for management rights industry: The complex is ideal for those looking to enter the management rights industry, as well as those looking to add to their existing portfolio. This provides a great opportunity for potential buyers.

5. Potential for income: The complex offers a reasonable income for the managers, making it an attractive option for those looking to retire while still earning an income.

6. Private and modern apartment: The managers' unit is a modern 1 bedroom, 1 bathroom apartment that can be converted into a 2 bedroom apartment. It also offers easy access to all the amenities in the complex and secure parking.

7. Well-maintained complex: The complex is well-maintained and in good condition, making it an attractive option for potential buyers.

8. Reasonable remuneration/body corp salary: The remuneration/body corp salary for the managers is reasonable, providing a good income for the managers.

9. Limited owner-occupy units: With only 5 owner-occupy units in the complex, there is a higher potential for rental income for the managers.

10. Additional features: The complex offers additional features such as a BBQ area and WIFI, adding value for residents and making the property more attractive for potential buyers.

Management Rights Multiplier: 3.20
ROI Estimate: 31.30%