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. The complex is a fifteen level tower of two bedroom apartments, some with spa baths and stunning views.
2. Located on a canal waterway off the Nerang River, offering beautiful river views and opportunities for kayaking.
3. Only a few minutes' walk from the beach, making it a desirable location for tourists and residents.
4. Communal areas include a lap pool, pontoon on the river, BBQ entertainment area, and private function garden.
5. Ideal for buyers looking to enter the management rights industry, retire with a reasonable income, or add to an existing property portfolio.
6. Private and modern 1 bedroom, 1 bathroom apartment with potential to convert into a 2 bedroom.
7. Managers unit valued at $280,000 and office included on title.
8. Net profit of $115,800 with a remuneration/body corp salary of $47,500.
9. Complex type is a resort/holiday with a total of 30 units, 5 owner-occupied and 13 managed by outside agents.
10. Amenities include a BBQ area and WIFI.

Management Rights Multiplier: 3.20
ROI Estimate: 31.30%