Currumbin, Queensland

Management Rights $1,980,000

Property Description

Management Rights in sought-after holiday destination on the Gold Coast - Just minutes' walk to surfing and swimming beaches - 1P5074MR

Located in the popular southern Gold Coast suburb of Currumbin, this mixed business of short and long-term tenancies provides the Manager with a lovely 3 bedroom apartment, an income in excess of $260,000 p.a and around a 14% ROI.

A short stroll to beaches, surf club, cafes and the famous Currumbin Wildlife Sanctuary. With a serviced bus route at the door-step and the airport only 5 minutes by road, makes this an ideal business and life-style for those looking for this future direction in life.

TOTAL NUMBER OF UNITS : 78
UNITS IN LETTING POOL : 30
MANAGERS RESIDENCE : 3 bedroom, 2 bathroom ground floor apartment with 2 car parks
NET PROFIT : $284,000 (subject to Accountant's verification)

REAL ESTATE PRICE : Negotiable
BUSINESS PRICE : Negotiable
TOTAL ASKING PRICE : $1,980,000

Property Summary

Business Snapshot

Price: Management Rights $1,980,000 Net Profit: $284,000 Remuneration / Body Corp Salary: $93,000Body corp salary review: CPI Annually

Managers Unit

Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes

Complex Information

Complex Type: MixedTotal Units in Complex: 78Total Units in Letting Pool: 30Holiday Units: 30Owner Occupy Units: 40Outside Agent Units: 6Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: 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

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