Management Rights For Sale Gold Coast - 1098

Surfers Paradise, Queensland

$700,000

Property Description

Business For Sale - Owner Says Sell - $100,000 Price Reduction - ID 8665 BL

Surfers Paradise Holiday Management Rights For Sale

- Medium rise building just a short walk to beach, cafes and restaurants
- Building exterior has recently been refurbished and looks great!
- Renovated 2 bedroom manager's residence

This would be an ideal business for anyone new to the industry. It is presently run by one person with some assistance on reception. Very stable business in a great location

Net Profit: $88,230
Asking Price: $700,000
(inclusive of manager's real estate)

For further information on this Gold Coast management rights business for sale contact:

Listing Management Rights Broker
Gerard Dixon

Property Summary

Business Snapshot

Price: $700,000 Net Profit: $88,230 Remuneration / Body Corp Salary: $36,553Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $380,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: No

Newly renovated, Open plan living, Outdoor patio, Air-conditioning, Option to purchase an investment unit in the building for $220,000 offering $400 p/wk rental return

Complex Information

Complex Type: HolidayTotal Units in Complex: 17Total Units in Letting Pool: 10Holiday Units: 10Owner Occupy Units: 4Outside Agent Units: 2Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 8 yearsPool: Yes