Surfers Paradise, Queensland

PRICE REDUCED - OWNER MOTIVATED TO SELL

$2,395,000

Property Description

Are you looking for upside and a large 3 bedroom managers unit?
This is a golden opportunity for to purchase a stunning Surfers Paradise holiday building with substantial upside. A very clean run business with long agreements currently at 24 years with a motivated seller.
Key highlights:
- Surfers Paradise Holiday Complex
- Long agreements 24 years to run
- Income $351,202
- 100m to Beach
- Close to Surfers Paradise and Broadbeach
- 29 of 59 in the letting pool
- Occupancy 65% ( room to grow profits )
- Excellent amenities for guests
- Large renovated managers unit
- 3 Bedroom, 2 bathroom and 2 car spaces
- Managers unit and office separate
Please call Larry Seburn today for a full information package and inspection.

Property Summary

Business Snapshot

Price: $2,395,000 Net Profit: $351,202 Remuneration / Body Corp Salary: $135,000

Managers Unit

Value of Managers Apartment: $595,000Bedrooms: 3Car Spaces: 2
A true highlight of this business opportunity is the pristine three-bedroom, two-bathroom manager’s residence that is on title. Recently renovated ($65,000), the private entrance sets the scene for a spacious and bright apartment featuring a large gourmet kitchen that spills into the open plan living and dining areas. The tranquil master bedroom is well positioned away from the entrance and both bathrooms feature high-end fixtures and fittings. Tiles flow throughout, and a wrap-around balcony and large picture windows welcome the outdoors in

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 59Total Units in Letting Pool: 32Holiday Units: 25Permanent Units: 7Owner Occupy Units: 25Outside Agent Units: 2Agreement Module: AccommodationPool: YesSpa: YesGames Room: YesBBQ Area: Yes
Marketing Agent
Charles Nurse
Charles Nurse

Listing location
Gallery

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Expression of Interest

Net Income: $340,000
Managers Estate: $720,000 3 Bed 3 Bath
Letting Pool: 48
Remuneration: $265,000

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