Main Beach, Queensland

$1,175,000

Property Description

REDUCED TO SELL!! Less than a 4 Multiplier...RESORT in Main Beach

FANTASTIC OPPORTUNITY, ONE STREET FROM BEACHFRONT RESORT in Main beach

INSTRUCTIONS ARE CLEAR - SELL!

This Resort Complex is for sale in beautiful Main Beach. ONE STREET FROM BEACHFRONT, Most of the hard work has been done by current Managers with over 30 BC works being done and also units painted and fixed up, bathrooms and kitchens done etc. They are all tastefully done by the owners and the onsite Managers combined for higher returns with amazing views . A great beachfront location in the heart of Main Beach with a lovely two bedroom apartment is a good combination of good living with a good income.

This high rise complex is an established income earner in the heart of the tourist belt of popular Main Beach. The cafes and restaurants on Tedder Avenue are just steps away and a 24hour shop is just downstairs - this is a real draw for visitors. More importantly the beautiful white sand beach is right across the street.

The light and bright ground floor, two bedroom apartment has an open plan kitchen and a sizeable courtyard.

Combine your home and business with ease. Current owners have had to cut short their 10 year plan because of illness. This complex has been reduced for a quick sale and its a must to inspect for a great lifestyle good BC and running smoothly.

Call Kerrie Lush on 0416 084 693 or email kerrie@raas.com.au

Property Summary

Business Snapshot

Price: $1,175,000 Net Profit: $181,000 Remuneration / Body Corp Salary: $85,186

Managers Unit

Value of Managers Apartment: $498,000Bedrooms: 2

Complex Information

Complex Type: ResortTotal Units in Complex: 45Total Units in Letting Pool: 17Holiday Units: 17Owner Occupy Units: 11Agreement Term: 10 yearsAgreement Term Remaining: 8.8 years

Marketing Agent


Marketing Agency

RAAS Group

Kerrie Lush
RAAS Group

Phone

Listing Tools

Property Map

Map Location ( get directions )

Main Beach, Queensland 4217 Exact map location not provided

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