Tugun, Queensland

Oceanfront Serenity and Beauty!!

$3,650,000

Business Description

Oceanfront Serenity and Beauty!!

This Complex is so close to the beach – simply cross the pathway and enjoy not only the breath-taking ocean views but all the activities the ocean and beach has to offer. This complex is situated at one of the Gold Coast’s most beautiful beaches.

No need for additional travel as everything is practically on this complex’s doorstop, from cafes, restaurants, bars and parks to supermarkets, tavern and surf lifesaving club.

The complex amenities include luxury fully self-contained apartments, a large outdoor heated pool, spa, sauna, gym, 2 BBQ areas for entertaining pleasure, and the choose of either poolside or relaxing in amongst the tropical landscaped gardens. Patrolled beaches and free underground secure parking are what makes this complex one of the best choices as evidenced by the number of returning guests.

An already industry valued spacious 3-bedroom, 2-bathroom manager’s apartment. A spacious lounge with glimpses of the ocean. Large separate back office and reception on title. Secure parking and ample storage. Long term agreements, with flexible living arrangements by way of a nominee appointment.

To arrange an inspection please call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, 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 verify the information contained herein.

Business Summary

Business Snapshot

Price: $3,650,000 Net Profit: $557,000 Remuneration / Body Corp Salary: $115,900

Managers Unit

Value of Managers Apartment: $1,100,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On Title

Complex Information

Complex Type: MixedTotal Units in Complex: 74Total Units in Letting Pool: 41Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesSauna: YesGym: YesBBQ Area: YesWIFI: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. Oceanfront position opposite a patrolled Gold Coast beach, with ocean views and immediate access to cafes, restaurants, bars, parks and supermarkets.
2. Established operation reports $527,900 net profit, with $115,900 remuneration or body corporate salary.
3. Long term agreements provide 20 years remaining on a 25 year agreement term.
4. The complex includes 74 units, with 41 apartments currently in the letting pool.
5. Manager’s residence is a spacious three bedroom, two bathroom apartment valued at $1,100,000.
6. On title are a separate back office and reception, plus secure parking and ample storage.
7. Resident and guest facilities include a heated outdoor pool, spa, sauna, gym, two BBQ areas and landscaped gardens.
8. Returning guests are cited as evidence of the complex’s appeal, supported by secure underground parking and WiFi.

Management Rights Multiplier: 4.58
ROI Estimate: 15.26%