Biggera Waters, Queensland

$915,000

Property Description

CANAL LIVING AT ITS BEST

Fantastic location overlooking the water!

A lovely 3 storey walk up complex with two pontoons on the canal. And 150 meters walk to the Broadwater. Only 2km to Runaway Bay shopping centre with a local supermarket around the corner.

A solid central Gold Coast business with 20 years remaining on agreements and a handsome body corporate salary of almost $80,000 (ex GST). This represents the lion’s share of profits with the balance of income via long term tenancies where delightful one and two bedroom apartments are in your letting pool.

The stunning manager’s 2 bedroom apartment has superb water views with separate office on title. Offering quality facilities to residents and manager alike this business deserves your attention.

Contact me now for an inspection!

Property Summary

Business Snapshot

Price: $915,000 Net Profit: $96,391 Remuneration / Body Corp Salary: $78,800Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $475,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
The stunning manager’s 2 bedroom apartment has superb water views with separate office on title.

Complex Information

Complex Type: PermanentTotal Units in Complex: 52Total Units in Letting Pool: 19Permanent Units: 19Owner Occupy Units: 27Outside Agent Units: 5Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesBBQ Area: YesPay TV: YesMarina Berth: Yes

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Map Location ( get directions )

Biggera Waters, Queensland 4216 Exact map location not provided

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