Currumbin, Queensland

Management Rights $1,380,000

Property Description

MONSTER PRICE REDUCTION FOR THIS BEACHFRONT BUSINESS AT ONE OF THE BEST LOCATIONS ON THE GOLD COAST - 1P4702MR

Over-looking the sands and water at Currumbin Alley, this beautifully presented mixed rental complex combines the best of beach-front living with a business and residence for the Manager in one of the Coast's best locations.

The site provides panoramic views up the coastline with the hi-rise of Surfers Paradise featuring on the skyline. A recent increase in the Body Corporate Agreements provides for 25 years security on the business.

A great opportunity for those purchasers looking for a steady income and lifestyle to suit. Holiday attractions nearby with plenty of café and restaurant options available a short distance away.

TOTAL NUMBER OF UNITS: 36
UNITS IN LETTING POOL: 11
MANAGER'S RESIDENCE: 2 Bedroom 2 Bathroom apartment with large balcony

NET PROFIT: $161,500
REAL ESTATE PRICE: $690,000
BUSINESS PRICE: $690,000
TOTAL ASKING PRICE : $1,380,000

Property Summary

Business Snapshot

Price: Management Rights $1,380,000 Net Profit: $161,500 Remuneration / Body Corp Salary: $82,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $720,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: No

Complex Information

Complex Type: MixedTotal Units in Complex: 36Total Units in Letting Pool: 11Holiday Units: 8Permanent Units: 3Owner Occupy Units: 18Outside Agent Units: 1Lockup Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesSpa: YesSauna: YesBBQ Area: YesPay TV: YesWIFI: Yes

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 )

Currumbin, Queensland 4223 Exact map location not provided

Similar Properties

RUNAWAY BAY
Business For Sale - Runaway Bay Resort - ID...

$1,450,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

MR Sales
Ashmore Permanent Management Rights
Updated
Exclusive

ASHMORE
Ashmore Permanent Management Rights

Under Contract / Offer
Net Income: $225,115
Managers Estate: $110,000 - Bed - Bath
Letting Pool: 86
Remuneration: $132,585

Stratacorp
CENTRAL GOLD COAST
Exclusive

CARRARA
CENTRAL GOLD COAST

$1,253,000
Net Income: $155,560
Managers Estate: $420,000 3 Bed 2 Bath
Letting Pool: 80
Remuneration: $102,659

Property Bridge

SOUTHPORT
Business For Sale - Southport Resort - ID...

$1,426,500
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

MR Sales

BROADBEACH
Business For Sale - Easy To Manage Resort -...

$1,495,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

MR Sales

PALM BEACH
Highly Desired - Very Rare! Two new OTP...

$1,418,658
Net Income: $170,003
Managers Estate: - - Bed - Bath
Letting Pool: 60
Remuneration: $115,800

ResortBrokers