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


Marketing Agency

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

SURFERS PARADISE
Business For Sale - Opportunity For Retired...

$718,000
Net Income: $47,994
Managers Estate: $550,000 3 Bed - Bath
Letting Pool: 21
Remuneration: $31,678

MR Sales
Management Rights with a solid net profit just a couple of block from the heart of Broadbeach!
Exclusive

BROADBEACH
Management Rights with a solid net profit...

$748,000
Net Income: $124,000
Managers Estate: $265,000 1 Bed - Bath
Letting Pool: 13
Remuneration: $35,400

RAAS Group

SURFERS PARADISE
Business For Sale - Surfers Paradise...

$699,000
Net Income: $222,000
Managers Estate: - - Bed - Bath
Letting Pool: 120
Remuneration:

MR Sales

SOUTHPORT
Business For Sale - Small Permanent Complex...

$495,000
Net Income: $71,000
Managers Estate: $220,000 1 Bed 1 Bath
Letting Pool: 30
Remuneration: $44,219

MR Sales

ID 8884 BL CARRARA
Business For Sale - Tranquil Pet Friendly...

$569,000
Net Income: $41,400
Managers Estate: $435,000 4 Bed 3 Bath
Letting Pool: 22
Remuneration: $27,625

MR Sales
CENTRAL GOLD COAST PERMANENT COMPLEX
Exclusive

CLEAR ISLAND WATERS
CENTRAL GOLD COAST PERMANENT COMPLEX

$645,000
Net Income: $56,378
Managers Estate: $450,000 3 Bed - Bath
Letting Pool: -
Remuneration: $47,000

RAAS Group