Currumbin, Queensland

Management Rights $1,480,000

Property Description

BEACH FRONT VIEWS FROM 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: $720,000
BUSINESS PRICE: $760,000
TOTAL ASKING PRICE : $1,480,000

Property Summary

Business Snapshot

Price: Management Rights $1,480,000 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

Marketing Agent


Marketing Agency

CRE Brokers

Jim Prentice
CRE Brokers

Phone

Listing Tools

This listing last updated: 11th September 2019

Property Map

Map Location ( get directions )

Currumbin, Queensland 4223 Exact map location not provided

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