Southport, Queensland

$2,560,000

Property Description

Business For Sale - Southport Motel Style Resort - ID 7976 H

- Overlooking The Broadwater
- Management Rights For Sale
- 55 unit 3 story walk up complex
- Good letting pool a combination of studio, 1 & 2 bedroom units
- Plenty of off road parking
- Accommodation module, long agreements
- Good supportive committee
- Potential to grow the business
- Two bedroom manager's unit with views over the Broadwater
- Large receptions and back office attached and on title
- Potential to renovate back office into studio apartment
- The complex is located on the northern end of Southport. Close to the University and Hospital. Over the road from the Gold Coast Aquatic Centre. Main road location.

Net Profit: $400,581
Asking Price: $2,560,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Gold Coast management rights business for sale contact:

Exclusive Broker
Phil Trimble

Property Summary

Business Snapshot

Price: $2,560,000 Net Profit: $400,581 Remuneration / Body Corp Salary: $78,927Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $480,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title
Two bedroom unit with water views, Separate office/reception adjoining which could be converted to studio unit

Complex Information

Complex Type: HolidayTotal Units in Complex: 55Total Units in Letting Pool: 34Holiday Units: 34Owner Occupy Units: 8Outside Agent Units: 10Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesSpa: YesTennis Court: YesBBQ Area: Yes

Marketing Agent


Marketing Agency

MR Sales

Phil Trimble
MR Sales

Phone

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Property Map

Map Location ( get directions )

Southport, Queensland 4215 Exact map location not provided

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