POSITION AND POTENTIAL!!
What a fantastic location! Just across the road from the beach and a short stroll to Cavil Mall and the newly revitalised heart of Surfers Paradise.
This well maintained twenty year old building is flanked by some of the most prestigious and iconic buildings on the coast yet still manages to offer affordable quality accommodation to its many repeat guests.
The complex comprises both one and two bedroom units with full kitchens, washing machine and dryer, Foxtel, DVD, Internet, en-suites in two bedroom units and balcony for outdoor living. Attractive pool and BBQ area fronts the building.
Easily manged by one (current manager is running the business herself). Would suit a couple looking for a bit of spare time or for one to work off site.
Net Profit: $118,000 Remuneration / Body Corp Salary: $48,000
Managers UnitValue of Managers Apartment: $390,000Bedrooms: 2
Complex InformationComplex Type: ResortTotal Units in Complex: 32Total Units in Letting Pool: 12Holiday Units: 12Agreement Term: 10 yearsAgreement Term Remaining: 10 years