Southport, Queensland


Property Description

Business For Sale - Iconic Southport Resort - ID 8035 BL

Uninterrupted Broadwater Views

- New Accommodation module agreements for the new manager
- Current managers retiring after 8 years
- No set office hours, no requirement to live on-site
- Low ground maintenance
- 94 unit complex
- 51 units in the letting pool (38 permanent, 13 holiday)
- All units are 1 bedroom and studio apartments
- 2 bedroom, 2 bathroom managers unit
- Reception and back office attached and on title

Rays Resort in Southport is ideally located on Marine Parade overlooking the Broadwater. It is a mid-rise complex with lifts. Growth potential with 23 units outside let

Net Profit: $205,000
Asking Price: $1,370,000
(inclusive of managers real estate)

Property Summary

Business Snapshot

Price: $1,370,000 Net Profit: $205,000 Remuneration / Body Corp Salary: $101,489Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $395,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Ground floor unit, air conditioned, with manager's reception and back office attached. There are also 2 large exclusive use storerooms for the manager

Complex Information

Complex Type: PermanentTotal Units in Complex: 94Total Units in Letting Pool: 51Holiday Units: 13Permanent Units: 38Owner Occupy Units: 19Outside Agent Units: 23Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsPool: YesSpa: YesGym: YesBBQ Area: Yes

Marketing Agent

Marketing Agency

MR Sales

Phil Trimble
MR Sales


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Map Location ( get directions )

Southport, Queensland 4215 Exact map location not provided

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