Southport, Queensland

$2,126,000

Property Description

Large Management Rights Business in Southport, Gold Coast - 1p4131MR

MASSIVE $100,000 PRICE REDUCTION

** Seller Moving On With Other Commitments
** Now Offered Below Recent Valuation
** Definite Sale Required
** Present All Offers!

* Situated in the rapidly developing Southport precinct - Total 109 apartments.

* Both Holiday and Permanent letting in this Prominent Position close to Broadwater Parklands, Aquatic Centre, Shops and Restaurants.

* Accommodation Module Agreements (17 years to run) with solid caretaking Salary.

* 3 Bed, 2 Bath Manager's Apartment plus Office, and large Reception - all on Title.

* Resort facilities include Lagoon Swimming Pool, Tennis Court, Sauna, Spa, Fully Equipped Gymnasium.

* Accountants figures for Financial Year 17/18 – Net Profit $330,000.

* Opportunity for Experienced Managers.

* Motivated Seller.

Business $1,551,000 (4.7 x multiplier)
Manager's Lot $575,000 incl. Apartment, Office and large Reception - all on Title
Total $2,126,000

Property Summary

Business Snapshot

Price: $2,126,000 Net Profit: $330,000 Remuneration / Body Corp Salary: $136,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $575,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On Title

Complex Information

Complex Type: n/aTotal Units in Complex: 109Total Units in Letting Pool: 67Holiday Units: 19Permanent Units: 48Owner Occupy Units: 32Outside Agent Units: 10Manager Units: 1Agreement Term Remaining: 17 yearsPool: YesSpa: YesSauna: YesGym: YesTennis Court: YesBBQ Area: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Gold Coast/Brisbane

Marketing Agent


Marketing Agency

CRE Brokers

Jim Lowe
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Southport, Queensland 4215 Exact map location not provided

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