Surfers Paradise, Queensland

$600,000

Property Description

AN IDEAL OPPORTUNITY ON CHEVRON ISLAND!

Here is your chance to live on Chevron Island in a beautiful 3-bedroom apartment while operating a solid business with 9 permanent lettings in an easy to maintain building.

Situated within walking distance to Surfers Paradise Beach, these management rights give you the perfect balance between work and lifestyle. There are no set office hours in the agreement, care taking only takes a couple of hours a day and the tenants tend to be long-term.

The current mangers have a great relationship with the committee and this would obviously continue with any new diligent manager. There are 17 years remaining on the agreement and the multiplier is below 4!

The unit is very attractively priced and includes a large lockup workshop.

The financials are as follows:
Manager's Salary: $28,498
Net Profit: $40,541
Unit Price: $440,000
Business Price: $160,000

Property Summary

Business Snapshot

Price: $600,000 Net Profit: $41,451 Remuneration / Body Corp Salary: $28,498

Managers Unit

Value of Managers Apartment: $440,000Bedrooms: 3

Complex Information

Complex Type: PermanentTotal Units in Complex: 21Total Units in Letting Pool: 9Holiday Units: 9Owner Occupy Units: 11Agreement Term: 25 yearsAgreement Term Remaining: 17 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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