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: $93,000 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

Marketing Agent


Marketing Agency

Property Bridge

Bobo Qi
Property Bridge

Phone

Listing Tools

Property Map

Map Location ( get directions )

Biggera Waters, Queensland 4216 Exact map location not provided

Similar Properties

Looking For A Lifestyle Business With Location To Match | Resort Brokers ID : MR006302
Updated

BLACKS BEACH
Looking For A Lifestyle Business With...

$820,000
Net Income: $192,325
Managers Estate: $230,000 2 Bed 1 Bath
Letting Pool: 36
Remuneration: $92,963

ResortBrokers
Level 1 Retirement Village Management Rights Income Unaffected by COVID 19 - 1P5002MR
Exclusive

STAFFORD
Level 1 Retirement Village Management...

Management Rights $852,535
Net Income: $130,011
Managers Estate: $430,000 3 Bed 2 Bath
Letting Pool: 56
Remuneration: $45,766

CRE Brokers
PURE BUSINESS-ONLY MANAGEMENT RIGHTS - 5KM TO THE CITY | Resort Brokers ID : MRB006273
Updated

STONES CORNER
PURE BUSINESS-ONLY MANAGEMENT RIGHTS - 5KM...

$941,733
Net Income: $174,395
Managers Estate: - - Bed - Bath
Letting Pool: 60
Remuneration: $60,000

ResortBrokers

MANGO HILL
Brisbane Caretaking Portfolio – Business...

$825,450
Net Income: $158,739
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

ResortBrokers
SOLID SALARY INCOME! STILL HAS BIG POTENTIAL FOR GROWTH!
Exclusive

GEEBUNG
SOLID SALARY INCOME! STILL HAS BIG POTEN...

$974,000
Net Income: $116,000
Managers Estate: $420,000 3 Bed 2 Bath
Letting Pool: 30
Remuneration: $66,013

Shine Realty
BUSINESS ONLY! INNER-CITY COMPLEX!
Exclusive

AUCHENFLOWER
BUSINESS ONLY! INNER-CITY COMPLEX!

$918,000
Net Income: $180,000
Managers Estate: - - Bed - Bath
Letting Pool: 17
Remuneration: $61,267

Shine Realty