Easy to run Management Rights in idyllic beachside location | Resort Brokers ID : MR006337
Refurbished high-rise just 300m to the beach & buzz of Tedder Avenue! This established, permanent resort enjoys superb on-site facilities and offers the incoming manager a solid net profit and great lifestyle!
The exclusive management rights to Main Beach Tower presents a fantastic opportunity to either an experienced manager or a newcomer. Established and easy to run by one person, it has a premier location that gives you proximity to the pristine beaches and vibrant shopping & dining hub on Tedder Avenue. Walk to Southport or Broadwater parklands with ease, or head into Surfers Paradise on the G:Link or on foot for extensive entertainment and recreational options. Handy to the motorway, cultural hotspots, good schools and sporting venues too.
- Permanent high-rise with 50 apartments and 10 in the letting pool
- Solid net profit in excess of $130,000
- Healthy Body Corporate salary of$113,150.40 (ex GST)
- Opportunity to convert lot owners using outside agents into the letting pool
- Modern & spacious ground floor manager's apartment with two bedrooms
- Exclusive use office located off the main lobby
- Newly topped up 10 year agreements on settlement
- Stunning swimming pool & seating area, full size tennis court & pavilion, gym, spa & sauna
- Recently repainted building and upgraded driveways and gardens
- Tennis court resurfaced 18 months ago
- Future renovations planned for foyer & lift upgrade and basement resurfacing
All inspections are by appointment only.
Date updated: 18 Nov 2020 01:00:04
Price: Under Contract / Offer
Net Profit: $135,000 Remuneration / Body Corp Salary: $113,150
Managers UnitValue of Managers Apartment: $600,000Bedrooms: 2Bathrooms: 2
Complex InformationComplex Type: PermanentTotal Units in Complex: 50Total Units in Letting Pool: 10Holiday Units: 10Owner Occupy Units: 34Outside Agent Units: 5Lockup Units: 1Agreement Term Remaining: 10 years