Surfers Paradise, Queensland

$2,850,000

Property Description

Business For Sale - Massive Price Reduction - Must Be Sold - ID 7838 BL

Management Rights Gold Coast
Absolute Beachfront - Surfers Paradise

- 33 x 3 bedroom apartments with 18 in the letting pool
- 11 apartments are lock ups - potential for growth
- Body Corporate remuneration of $91,470
- Excellent committee and Body Corporate, very supportive
- Impressive marketing plan in place
- Manager's office is on title
- Three bedroom manager's residence overlooking the beach
- Close to public transport and light rail
- Heated outdoor pool, BBQ and secure parking
- This management rights complex is located on the southern side of Surfers Paradise, just out of the hustle and bustle.

Net Profit: $314,863
(on 16 apartments)
Asking Price: $2,850,000
(Inclusive of managers real estate)

MOTIVATED VENDORS WILL CONSIDER ALL OFFERS

For further information or to arrange an inspection of this Gold Coast management rights business for sale contact:

Listing Broker
Phil Trimble

Property Summary

Business Snapshot

Price: $2,850,000 Net Profit: $314,863 Remuneration / Body Corp Salary: $91,470

Managers Unit

Value of Managers Apartment: $1,450,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title
Absolute beachfront, Unhindered views of the Surfers Paradise Beachfront and ocean, Air conditioning, Ceiling fans, New carpet and curtains in bedrooms, Fresh paint, New fixtures, Generous storage cage

Complex Information

Complex Type: HolidayTotal Units in Complex: 33Total Units in Letting Pool: 18Holiday Units: 18Owner Occupy Units: 4Lockup Units: 11Agreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesPay TV: Yes

Marketing Agent


Marketing Agency

MR Sales

Phil Trimble
MR Sales

Phone

Listing Tools

This listing last updated: 10th September 2018

Property Map

Map Location ( get directions )

Surfers Paradise, Queensland 4217 Exact map location not provided

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