Rainbow Bay, Queensland

$1,170,000

Property Description

Business For Sale - Fabulous Rainbow Bay Management Rights - ID 7875 BL

Ever Popular Rainbow Bay
Rainbow Bay is located on the southern end of Coolangatta on the Gold Coast, Queensland.
Spectacular beaches and surfing breaks are on offer here along with the relaxed feel of a seaside community.

- Well presented three storey walk up of 36 units
- 19 in the letting pool, 18 x 2 bedroom and 1 x 3 bedroom
- Set in tropical surrounds, just 100 metres to the beach
- Strong family and repeat business
- Close to Twin Towns, surf clubs and restaurants of Tweed/Coolangatta
- Low garden & lawn maintenance
- Pools, spa, Foxtel, CCTV and BBQ facilities
- Long agreements and office on title
- Ideal first time holiday building

First time on the market in over seven years. Strong family resort in one of the nicest areas of the Gold Coast. The home of the Quicksilver and Roxy Pro surfing contests. Comfortable two bedroom, two bathroom air-conditioned residence.

Net Profit: $150,654
Asking Price: $1,170,000
(Inclusive of managers real estate)

For further information or to arrange an inspection on this management rights business opportunity contact:

Listing Brokers
Warren Oliver & Tony Johnson

Property Summary

Business Snapshot

Price: $1,170,000Net Profit: $150,000

Managers Unit

Value of Managers Apartment: $450,000Bedrooms: 2Car Spaces: 1Pets OK: No

Complex Information

Total Letting Pool: 19Agreement Module: AccommodationAgreement Term: 25 years

General Features

  • Land Size: 1 m2 (approx)

Marketing Agent

  • Warren Oliver

  • 1300 928 556
  • 0416 216 625
  • send email

Marketing Agency

MR Sales

MR Sales

MR Sales

Warren Oliver
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Rainbow Bay, Queensland 4225 Exact map location not provided

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