Southport, Queensland

$2,126,000

Property Description

Business For Sale - Large Mixed Permanent & Holiday Management Rights - ID 8205 BL

Gold Coast Management Rights Opposite The Broadwater in Southport
MASSIVE PRICE REDUCTION! Seller Committed Elsewhere

- Management rights for sale
- 109 unit complex with 67 in the letting pool
- Accommodation module, long agreements
- Excellent amenities; tennis court, pool, sauna, gym
- Body Corporate salary over $138,000
- Large reception with two back offices on title
- Office hours are Monday to Friday 9am-5pm and Saturday 9am-12pm
- 3 bed, 2 bath open plan manager's residence
- Conveniently located with transport at the front door
- Motivated vendor has purchased a larger complex

Southport is just north of Surfers Paradise and is considered the CBD of the Gold Coast. The complex overlooks the Broadwater Parklands and is in close proximity to Australia Fair Shopping Centre.

Net Profit: $330,000
Asking Price: $2,126,000
(Inclusive of manager's real estate)

Being offered well below valuation, all offers presented

Property Summary

Business Snapshot

Price: $2,126,000 Net Profit: $330,000 Remuneration / Body Corp Salary: $138,343

Managers Unit

Value of Managers Apartment: $610,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Large open plan living area, Balcony, Air conditioning

Complex Information

Complex Type: HolidayTotal Units in Complex: 109Total Units in Letting Pool: 67Holiday Units: 67Owner Occupy Units: 32Outside Agent Units: 10Agreement Term: 25 yearsAgreement Term Remaining: 16 yearsPool: YesSpa: YesSauna: YesGym: YesTennis Court: YesBBQ Area: YesWIFI: Yes

Marketing Agent


Marketing Agency

MR Sales

MR Sales

MR Sales

Phil Trimble
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Southport, Queensland 4215 Exact map location not provided

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