Management Rights For Sale Biggera Waters - 9970

Biggera Waters, Queensland

$940,000

Property Description

Business For Sale - Permanent Management Rights on the Broadwater - ID 7914 BL

- Management Rights For Sale
- Overlooking the Broadwater
- 3 storey walk up located opposite the Broadwater in Biggera Waters
- 30 units in the complex with 21 in the letting pool
- Body Corporate salary of $57,604
- Accommodation Module with 19 years remaining on agreements
- Excellent committee and Body Corporate
- Very easy to manage complex
- No office and no office hours in agreements
- Sinking fund of $83,000 with little capital works in the pipeline
- 3 bedroom manager's residence with stunning views over the Broadwater
- Pets permitted subject to Body Corporate approval

The complex is located in Biggera Waters, just a 5 minute drive to Harbour Town shopping and dining precinct. To the north is Runaway Bay offering great alresco dining, marina and large shopping centre.

Net Profit: $107,000
Asking Price: $940,000
(Inclusive of manager's real estate)

* CONFIDENTIALITY CONDITIONS APPLY *

For further information or to arrange your inspection of this Gold Coast management rights contact:

Exclusive Management Rights Broker
Phil Trimble

Property Summary

Business Snapshot

Price: $940,000 Net Profit: $107,071 Remuneration / Body Corp Salary: $57,604Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $540,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title

Open plan design, 3 bedrooms, 2 bathrooms, Air conditioned, Recently painted, New carpet, Plenty of storage, Large balcony off living area, Very quiet and private with views that will take your breath away

Complex Information

Complex Type: PermanentTotal Units in Complex: 30Total Units in Letting Pool: 21Permanent Units: 21Owner Occupy Units: 8Manager Units: 1Agreement Module: AccommodationAgreement Term: 20 yearsAgreement Term Remaining: 19 yearsPool: YesSpa: YesBBQ Area: Yes