Tugun, Queensland

HIGH NET PROFIT - ABSOLUTE BEACHFRONT

$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, 49 of which are in the letting pool including 1 external holiday let . 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

- Accommodation Module - long agreements

- High net profit - $567,504

- 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 a massive growth suburb

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

Property Code: 1330

Business Summary

Business Snapshot

Price: $4,200,000 Net Profit: $567,504 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 courtyard. 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: YesPay TV: YesWIFI: Yes

Marketing Agent

Scott Saunders

Premier Business Sales

Key Investment Insights

1. Prime beachfront location in the heart of Tugun, a rapidly developing suburb on the Southern Gold Coast.
2. 74 apartments in total, with 49 in the letting pool including 1 external holiday let.
3. Recently undergone a total repaint and swimming pool refurbishment, presenting beautifully.
4. Accommodation module with long agreements, providing stability and security for the business.
5. High net profit of $567,504, with potential for further growth due to additional units coming into the holiday pool.
6. Excellent systems in place, making for a smooth and easy transition for new owners.
7. Flexible management options, with the option for a nominee to live onsite.
8. Manageable caretaking duties with a great Body Corporate salary.
9. Outstanding location in the heart of Tugun Village, a highly desirable and growing area.
10. Beautifully renovated 3-bedroom, 2-bathroom managers unit just steps from the beach, valued at $1,100,000.

Management Rights Multiplier: 5.46
ROI Estimate: 18.31%