Burleigh Heads, Queensland

Management Rights $2,075,000

Property Description

BEACHFRONT - WELL PRESENTED HOLIDAY HI-RISE IN BURLEIGH - 1P4838MR

Look no further if you would like to live, work and play in the Gold Coast popular suburb of Burleigh. Across the road from a patrolled beach and foreshore picnic area this business is running hot.

There is strong demand from both repeat and new holiday makers nearly all year round. With attractions such as the cafes and restaurants, surf club, walking path, bowls club and regular public transport all within walking distance, makes this location ideal to live in and run your business.

The income is still growing, there is a good relationship between management, committee and owners of the apartments along with a healthy sinking fund for programmed building maintenance.

TOTAL NUMBER OF UNITS : 50
UNITS IN LETTING POOL : 18 with 1 to enter the letting pool January 2020
MANAGERS RESIDENCE : 3 bedroom apartment with attached office
NET PROFIT : $228,000 Accountant Verified

REAL ESTATE PRICE : $985,000 (incl. office)
BUSINESS PRICE : $1,090,000
TOTAL ASKING PRICE : $2,075,000

Property Summary

Managers Unit

Complex Information

Total Units in Complex: 0

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Gold Coast/Brisbane

Marketing Agent


Marketing Agency

CRE Brokers

Jim Prentice
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Burleigh Heads, Queensland 4220 Exact map location not provided

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