Kings Beach, Queensland

$1,120,000

Property Description

Spectacular North Facing Permanent Complex

Luxurious permanent complex close to Kings Beach & the growing Caloundra area.

This is one of the few permanent high rise complexes on the coast that offers an excellent BC salary and is located just a few minutes from Kings Beach.

The managers residence is a spacious air conditioned 3 bed with ensuite. A modern design with excellent styling offers a home of luxury. Back & front balonies offer spacious living areas for the family but cosy enough for a couple. 2 carparks along with plenty of storage areas are provided for the managers.

The building comprises 76 units over 10 floors . There is a large lap pool and a gymnasium on site.

The front reception area is modern & spacious which then includes a back office on title.

In summary:

- BC salary over 100k plus GST.
- 22 years remaining on BC agreements
- Net profit generated of 126k.
- Large air con 3 bed modern mgrs res.
- Quality pool & recreation facilities.
- Close to Kings Beach and the growing
Caloundra area. Only 96kms from
central Brisbane.
- Motivated vendors keen to sell.

This really is an opportunity to pick up a well run & rare permanent letting business & live in one of the best locations in Queensland.

Property Summary

Business Snapshot

Price: $1,120,000 Net Profit: $126,000 Remuneration / Body Corp Salary: $108,000

Managers Unit

Value of Managers Apartment: $535,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title
The managers residence is a spacious air conditioned 3 bed with ensuite. A modern design with excellent styling offers a home of luxury. Back & front balonies offer spacious living areas for the family but cosy enough for a couple. 2 carparks along with plenty of storage areas are provided for the managers.

Complex Information

Complex Type: PermanentTotal Units in Complex: 76Total Units in Letting Pool: 10Holiday Units: 10Owner Occupy Units: 59Agreement Term Remaining: 22 years years

Marketing Agent


Marketing Agency

RAAS Group

Sasha Jancevski
RAAS Group

Phone

Listing Tools

Property Map

Map Location ( get directions )

Kings Beach, Queensland 4551 Exact map location not provided

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RAAS Group