Surfers Paradise, Queensland

Offers Over $340,000

Property Description

PRICE REDUCED!! PERFECT COMPLEX AS A STAND-ALONE BUSINESS OR AS AN ADD-ON TO YOUR CURRENT MANAGEMENT RIGHTS!

Very affordable permanent letting complex in the heart of the Gold Coast. Ideal for a beginner, part-timer, retiree or someone to add to their existing business. The existing owners live off-site and have a caretaker living in the manager's apartment. However, if you wanted to take care of the care-taking yourself, you can live on-site.

The Body Corporate are more than happy for the management rights owners to live off-site as long as everything is taken care of by a designated manager. Some of the tenants have been there for over 10 years.

Net: $43,954
Unit: $ 220,000
Business: $135,000
Total: Offers Over $355,000
14 years to run on current agreement

Property Summary

Business Snapshot

Price: Offers Over $340,000 Net Profit: $43,954 Remuneration / Body Corp Salary: $38,670

Managers Unit

Value of Managers Apartment: $220,000Bedrooms: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 20Total Units in Letting Pool: 6Holiday Units: 6Owner Occupy Units: 6Agreement Term: 25 yearsAgreement Term Remaining: 14 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

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