Tugun, Queensland

EXCEPTIONAL MANAGEMENT RIGHTS BUSINESS - ABSOLUTE BEACHFRONT LOCATION

$4,200,000

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, 46 of which are in the letting pool (+ 1 x External Penthouse) . 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 - $551,636

- Reliable mixed letting business with excellent growth potential (additional units to due to come into the holiday pool)

- 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: $4,200,000 Net Profit: $551,636 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: 47Owner 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

Premier Business Sales

Key Investment Insights

- Prime beachfront location in the heart of Tugun, a rapidly developing area on the Southern Gold Coast.
- 74 apartments in total, with 46 in the letting pool and potential for more to be added.
- Recently undergone a total repaint and swimming pool refurbishment, presenting beautifully.
- High net profit of $551,636, with a reliable mixed letting business and excellent growth potential.
- Flexible management options, with the option for a nominee to live onsite.
- Manageable caretaking duties with a great body corporate salary.
- Outstanding location in the heart of Tugun Village, close to shops, restaurants, and other amenities.
- Beautifully renovated 3-bedroom, 2-bathroom manager's unit with front and rear balconies and exclusive use storage areas.
- Long agreements with 21 years remaining, providing stability and security for the new owners.
- Excellent facilities including a pool, spa, sauna, gym, BBQ area, and WIFI.
- Perfect opportunity for investors and those looking for a beachfront lifestyle.

Management Rights Multiplier: 5.62
ROI Estimate: 17.79%