Surfers Paradise, Queensland

Highly Rated Holiday Complex!!

SOLD

Business Description

This complex is ideally situated just 100 metres from the rolling surf of the blue Pacific and approximately a 5 minute walk to the heart of Surfers Paradise and Cavill Mall. Approximately 5 minute bus or light rail ride takes you to Jupiters Casino and Pacific Fair Shopping Centre.

Situated close to all the favourite attractions: Take a short walk to patrolled, white sandy beaches, a casual stroll to Cavill Avenue & central Surfers Paradise - boutiques, shopping centres, and weekly markets on Wednesday, Friday and Sunday nights are just a few highlights. This well situated complex enables one to choose being in the extensive activity of Surfers Paradise, or simply relax on the outskirts of all the activities on offer.

Completely renovated, modern, light and airy 2 bedroom, 2 bathroom Managers apartment, modern kitchen leading into spacious lounge and dining area, all opening onto pool deck.

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

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate as per instruction from the Vendor, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to the information contained herein, and that of legal conformity with local authorities.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $324,500 Remuneration / Body Corp Salary: $82,400

Managers Unit

Value of Managers Apartment: $595,000Office: On Title

Completely renovated, modern, light and airy 2 bedroom, 2 bathroom Managers apartment, modern kitchen leading into spacious lounge and dining area, all opening onto pool deck.

Complex Information

Complex Type: Resort/HolidayTotal Units in Complex: 51Total Units in Letting Pool: 7Owner Occupy Units: 1Outside Agent Units: 2Sauna: YesGames Room: YesBBQ Area: Yes

Marketing Agent

Gavern Property

Gavern Property - Management Rights

Key Investment Insights

- Highly rated holiday complex with a great location just 100 metres from the beach and a short walk to the heart of Surfers Paradise.
- Close to popular attractions such as patrolled beaches, shopping centres, and weekly markets.
- Completely renovated and modern 2 bedroom, 2 bathroom Manager's apartment with a spacious lounge and dining area opening onto the pool deck.
- Net profit of $324,500 and remuneration/Body Corp salary of $82,400.
- Manager's apartment valued at $595,000 and included in the sale.
- Complex has a resort/holiday type with a total of 51 units, 7 of which are in the letting pool.
- Facilities include a sauna, games room, and BBQ area.
- Potential for growth and increased profits with more units in the letting pool and potential for outside agent units.
- Ideal for someone looking to be in the heart of the action in Surfers Paradise or for those who prefer a more relaxed location on the outskirts of the busy area.

Management Rights Multiplier: 5.10
ROI Estimate: 19.61%