Burleigh Heads, Queensland

$1,625,000

Property Description

RETIREMENT CALLS AFTER 14 YEARS.

Retirement calls for the current long term managers. This complex is well placed to offer growth to a fresh manager who can take the business to the next level.

-Located in popular Burleigh Heads
-Beach access via lane to The Esplanade
-One easy to run holiday room type.
-Office hours are 9-5 Mon - Fri, 9-12 Sat.
-Net profit of $228,236
-A healthy Body Corporate salary of $91,782
-Room to increase letting pool and increase occupancy from the current 76%
-Large sinking fund of $720,000
-Close to all amenities such as cafes, restaurants and retails convenience shops
-Set up for families this complex boasts mini golf, childrens playground, heated pool & spa, sauna

Property Summary

Business Snapshot

Price: $1,625,000 Net Profit: $228,236 Remuneration / Body Corp Salary: $91,782

Managers Unit

Value of Managers Apartment: $645,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: Exclusive Use
The managers residence is large by industry standards offering great value and space for a growing family or visitors. Set on the ground floor the managers unit is separate to the reception/ office offering greater privacy to the manager. The unit offers 3 large bedrooms and 2 good sized bathrooms, large open plan recently renovated kitchen and lounge and a private courtyard.

Complex Information

Complex Type: MixedTotal Units in Complex: 62Total Units in Letting Pool: 25Holiday Units: 17Permanent Units: 8Owner Occupy Units: 21Outside Agent Units: 8Lockup Units: 7Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 7 yearsPool: YesSpa: YesSauna: YesWIFI: Yes

Marketing Agent


Marketing Agency

Stratacorp

Dustin Allen
Stratacorp

Phone

Listing Tools

Property Map

Map Location ( get directions )

Burleigh Heads, Queensland 4220 Exact map location not provided

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