Surfers Paradise, Queensland

Luxury Quality Comforts!!!

SOLD

Business Description

Luxury Quality Comforts!!!

This is a luxury lifestyle and beachfront permanent complex in close proximity to all the amenities that the Gold Coast has to offer.

Permanent beachside complex in Surfer's Paradise that was designed with the desire of creating a perfect modern and functional living space with luxury quality comforts and aesthetics.

Meticulous attention to detail is evident everywhere you look - each apartment incorporates natural sunlight, study areas and offices are built to be effortlessly functional, balconies with 180 degree ocean views create a naturally gorgeous backdrop for relaxation or guest entertainment and the spacious living areas are purposefully separated from the rest of the apartment to provide the utmost privacy. Every apartment is fully air-conditioned and includes state of the art Miele appliances and floor to ceiling marble tiling in the bathrooms and laundry. A sophisticated 24 hour security intercom/video system provides residents with absolute peace of mind.

The complex facilities include: outdoor pool, an indoor heated pool, well-equipped gym, sauna, full-sized tennis court, barbeque cabanas, secure lobby leading out to lush and manicured gardens, and private access to the beach.

Immaculate two level 3 bedroom, 2 bathroom, 2 powder rooms manager's apartment with either a study or back office leading out to an "on title" reception. The ground level offers a spacious elegant lounge and dining area adjoining a modern fully equipped kitchen with quality stone counters and stainless appliances, leading out to two separate private patios with private access to the lush and manicured gardens. A very spacious bedroom leads off the lounge and dining area. The upper level offers 2 large comfortable bedrooms with walk in robes, expansive lounge cum media room leading out to balconies. A separate large laundry with everything in this two level apartment exuding quality and luxury comfort.

This complex offers an awesome lifestyle and potential to increase the net profit whilst earning a substantial body corporate salary.

DEFINITELY A MUST SEE COMPLEX!!!

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

Business Summary

Business Snapshot

Price: SOLD Net Profit: $255,000 Remuneration / Body Corp Salary: $206,000

Managers Unit

Value of Managers Apartment: $1,900,000Office: On Title

Immaculate two level 3 bedroom, 2 bathroom, 2 powder rooms manager's apartment with either a study or back office leading out to an "on title" reception. The ground level offers a spacious elegant lounge and dining area adjoining a modern fully equipped kitchen with quality stone counters and stainless appliances, leading out to two separate private patios with private access to the lush and manicured gardens. A very spacious bedroom leads off the lounge and dining area. The upper level offers 2 large comfortable bedrooms with walk in robes, expansive lounge cum media room leading out to balconies. A separate large laundry with everything in this two level apartment exuding quality and luxury comfort.

Complex Information

Complex Type: PermanentTotal Units in Complex: 97Total Units in Letting Pool: 8Owner Occupy Units: 54Outside Agent Units: 6Indoor Pool: YesSauna: YesBBQ Area: YesWIFI: YesFunction Facilities: Yes

Marketing Agent

Gavern Property

Gavern Property - Management Rights

Key Investment Insights

1. Luxury beachfront permanent complex in Surfer's Paradise
2. Meticulous attention to detail in design and construction
3. Spacious and functional living spaces with natural sunlight and privacy
4. State-of-the-art Miele appliances and marble tiling in bathrooms and laundry
5. 24-hour security intercom/video system for peace of mind
6. Complex facilities include outdoor and indoor pools, gym, sauna, tennis court, and private beach access
7. Immaculate 3 bedroom, 2 bathroom, 2 powder room manager's apartment with study or office
8. Private patios and access to lush and manicured gardens
9. Potential to increase net profit and substantial body corporate salary
10. Manager's apartment valued at $1,900,000
11. Permanent complex with 97 units, 8 in letting pool, and 54 owner-occupied units
12. Additional facilities such as BBQ area, WIFI, and function facilities available.

Management Rights Multiplier: 4.71
ROI Estimate: 8.23%