Surfers Paradise, Queensland
POTENTIAL PLUS 3.4 MULTIPLIER
3.4 MULT/ PRICE REDUCED/POTENTIAL PLUS
1. 25 YEARS TO RUN
2. 14 OUTSIDE LETS TO GET BACK IN
3. TURN UNITS BACK INTO HOLIDAY UNITS
4. REPAIRS AND MAINTENENCE INCOME.
These Management Rights offer a great opportunity TO INCREASE THE BUSINESS AND GET UNITS BACK INTO LETTING POOL.
This Resort was featured on the front Cover of the Resort News because the current owners have done so much to improve it! Now its your turn to take it to its next level !
There are a total of 30 units with 5 in the letting pool and 14 with outside agents. This offers great potential to grow your letting pool and your income. The Body Corporate is supportive in helping the on-site managers.
The grounds are low maintenance with a large BBQ and entertaining area with wonderful heated swimming pool on the river's edge. BEAUTIFUL VIEWS
The Management Rights show a Net Profit of over $112,000 Y/E 2019.
Priced to sell. sickness has spurred a speedy sale.
Price: 3.4 MULT/ PRICE REDUCED/POTENTIAL PLUS
Net Profit: $70,000 Remuneration / Body Corp Salary: $55,078
Managers UnitValue of Managers Apartment: $320,000Bedrooms: 1
Complex InformationComplex Type: ResortTotal Units in Complex: 30Total Units in Letting Pool: 4Holiday Units: 4Owner Occupy Units: 10Agreement Term: 25 yearsAgreement Term Remaining: 25 years