Surfers Paradise, Queensland

Offers Above $999,000

Property Description

PRICE REDUCED FOR IMMEDIATE SALE! Thriving Holiday Business located between Surfers Paradise and Broadbeach.

This building is only 50 metres from beautiful Surfers Paradise Beach. It has a total of 20 units, 15 of which are in the holiday letting pool with the potential of 2 more apartments currently outside of the letting pool. All apartments have lift access. The building was built with investors in mind as the units do not suit owner occupiers. The apartments are designed more for short stay (2 to 14 days) accommodation with minimal storage space making it difficult for owner occupiers. This makes it easy to maintain a current and stable letting pool. This building continues to experience a high occupancy rate with a large percentage of return occupancy. Great potential for future growth. The building has recently had major upgrades with the lift and the building was painted a few years ago.
The grounds are easy to maintain. The Caretakers Agreement is casually written and very much in favour of the the manager with No Set Office Hours. The manager's unit has recently been renovated with new kitchen and appliances, floor tiles and carpets as well as being freshly painted. The apartment boasts 2 good sized bedrooms, 2 bathrooms and ocean views. The private outdoor living space is generous giving you the opportunity to enjoy the weather and surroundings while overlooking the beach and ocean views. The managers garden area even has its own herb garden and vegetable patch. Storage is no problem with 4 separate area's dedicated for Managers use.
The agreement has 20 years to run.
Whether you are an experienced on-site manager or are new to the industry, this opportunity is for everyone.
Net Profit: $138,000
Managers Unit: $399,000
Management Rights $600,000
Total Price $999,000

Please contact Jonathan Shorter on 0405 537 600 or email jonathans@raas.com.au

Property Summary

Business Snapshot

Price: Offers Above $999,000 Net Profit: $138,000 Remuneration / Body Corp Salary: $40,495

Managers Unit

Value of Managers Apartment: $399,000Bedrooms: 2

Complex Information

Complex Type: ResortTotal Units in Complex: 20Total Units in Letting Pool: 15Holiday Units: 15Owner Occupy Units: 2Agreement Term: 25 yearsAgreement Term Remaining: 20 years

Marketing Agent

  • Jonathan Shorter

  • 0405 537 600
  • 0405 537 600
  • send email

Marketing Agency

RAAS Group

RAAS Group

RAAS Group

Jonathan Shorter
RAAS Group

Phone

Listing Tools

Property Map

Map Location ( get directions )

Surfers Paradise, Queensland 4217 Exact map location not provided

Similar Properties

HELENSVALE
Growth Opportunities

$1,030,000
Net Income: $121,000
Managers Estate: $425,000 3 Bed 2 Bath
Letting Pool: 92
Remuneration: $96,000

Property Bridge

CURRIMUNDI
Business For Sale - Currimundi Lifestyle...

$925,000
Net Income: $105,513
Managers Estate: $485,000 3 Bed 2 Bath
Letting Pool: 53
Remuneration: $67,749

MR Sales

INNISFAIL
2003MF - Solid Income Earner in the Middle...

Freehold $899,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Tourism Brokers
GOLD COAST RENT ROLL WITH OFFICE AND APARTMENT, LOW MULTIPLIER
Exclusive

SURFERS PARADISE
GOLD COAST RENT ROLL WITH OFFICE AND...

$1,066,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

A B Brokers

LABRADOR
Business For Sale - Quality Permanent...

$1,045,000
Net Income: $125,000
Managers Estate: $420,000 2 Bed 2 Bath
Letting Pool: 54
Remuneration: $75,421

MR Sales

GOONDIWINDI
LifeStyle Caravan Park Freehold for Sale

$1,080,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

A B Brokers