Biggera Waters, Queensland

$1,195,000

Property Description

Business For Sale - Biggera Waters Permanent - ID 8931 BL

Biggera Waters - Permanent management rights complex

Biggera Waters is located on the northern end of the Gold Coast, ideally located on the western side of the Broadwater. The complex is close to Harbourtown shopping and dining precinct with easy access to the M1 motorway.

- Long Agreements
- 64 townhouses with 25 in the letting pool
- Healthy sinking fund - no major works planned
- Spacious three bedroom residence with master bedroom downstairs
- Office attached and on title with plenty of storage
- The office is currently operated for 8 hours per week
- Body Corporate salary of over $125,000
- Accommodation module with 20 years remaining on agreements
- Long term manager's are selling after 12 years

Net Profit: $166,463
Asking Price: $1,195,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this management rights business for sale contact:

Exclusive Broker
Phil Trimble

Property Summary

Business Snapshot

Price: $1,195,000 Net Profit: $166,463 Remuneration / Body Corp Salary: $125,925Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $395,000Bedrooms: 3Bathrooms: 2Car Spaces: 3Office: On Title
Three bedrooms, Two bathrooms, Air conditioning, Three car spaces

Complex Information

Complex Type: PermanentTotal Units in Complex: 64Total Units in Letting Pool: 50Holiday Units: 25Permanent Units: 25Owner Occupy Units: 34Outside Agent Units: 2Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 20 yearsPool: YesTennis Court: Yes

Marketing Agent


Marketing Agency

MR Sales

Phil Trimble
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Biggera Waters, Queensland 4216 Exact map location not provided

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