Tugun, Queensland

EXCEPTIONAL MANAGEMENT RIGHTS BUSINESS - ABSOLUTE BEACHFRONT LIVING

$4,125,000

Business Description

Perfectly positioned on the beachfront in the heart of Tugun, this management rights complex is in an outstanding location to attract holiday makers all year round. The Southern Gold Coast is seeing rapid development and this complex is set to benefit greatly due to its prized and unique location.

The building consists of a total of 74 apartments, 48 of which are in the letting pool. The complex has recently undergone a total repaint and swimming pool refurbishment and presents beautifully. To compliment this great business is a wonderful 3-bedroom, 2-bathroom renovated ground floor managers unit, just steps from the beach.

The new owners will appreciate the benefits of the excellent systems that the current owners have in place, all the hard work is done. With long agreements, high net profit, manageable caretaking duties and excellent beachfront residence, this complex will provide the investment and life you have been looking for.

- Absolute beachfront

- High net profit - circa $550,000

- Reliable mixed letting business with excellent growth potential

- Recent refurbishments completed

- Flexible management with option for nominee to live onsite

- Manageable caretaking duties with great BC salary

- Outstanding location in the heart of Tugun Village

Call now to find out more about this outstanding Management Rights opportunity or to arrange an inspection.

Property Code: 284

Business Summary

Business Snapshot

Price: $4,125,000 Net Profit: $550,000 Remuneration / Body Corp Salary: $113,861Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $1,100,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Beautiful fully renovated 3-bedroom 2-bathroom apartment, open plan living with front and rear balconies. 1 car space with generous exclusive use storage areas.

Complex Information

Complex Type: MixedTotal Units in Complex: 74Total Units in Letting Pool: 48Owner Occupy Units: 17Outside Agent Units: 2Lockup Units: 7Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: YesWIFI: Yes
Marketing Agent
Scott Saunders
Scott Saunders

Premier Business Sales

Premier Business Sales

Key Investment Insights

1. Exceptional location on the beachfront in the heart of Tugun, a rapidly developing area on the Southern Gold Coast.
2. Total of 74 apartments in the complex, with 48 in the letting pool.
3. Recently undergone a total repaint and swimming pool refurbishment, presenting beautifully.
4. Includes a renovated 3-bedroom, 2-bathroom ground floor managers unit just steps from the beach.
5. Excellent systems in place, with all the hard work already done by current owners.
6. Long agreements and high net profit of circa $550,000.
7. Reliable mixed letting business with potential for further growth.
8. Flexible management options, with the option for a nominee to live onsite.
9. Manageable caretaking duties with a great body corporate salary.
10. Outstanding location in the heart of Tugun Village.
11. Managers apartment valued at $1,100,000.
12. Mixed complex with a total of 74 units, including 48 in the letting pool.
13. 25-year accommodation agreement with 21 years remaining.
14. On-site amenities include a pool, spa, sauna, gym, BBQ area, and WIFI.
15. Pets are allowed in the managers unit.
16. Body corporate salary review is CPI annually.

Management Rights Multiplier: 5.50
ROI Estimate: 18.18%

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