Surfers Paradise, Queensland

$1,296,900

Property Description

Opportunity Awaits

Leave the car behind and enjoy this perfectly located Gold Coast Management Rights. So close to the GLink tram and a few minutes to Broadbeach, Pacific Fair Shopping Centre and Cavill Avenue.

Close proximity to the Gold Coast Convention Centre and Star Casino make this complex a popular holiday destination.
Management Agreements have 20 years remaining with a rewarding Body Corporate salary of $63,000.

Plenty of potential upside for an enthusiastic incoming manager to improve income with eleven of the resort’s apartments under management with outside agents.

Property Summary

Business Snapshot

Price: $1,296,900 Net Profit: $177,000 Remuneration / Body Corp Salary: $62,851Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $445,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Ground Floor Apartment

Complex Information

Complex Type: HolidayStar Rating: 3Total Units in Complex: 39Total Units in Letting Pool: 17Holiday Units: 17Owner Occupy Units: 10Outside Agent Units: 11Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesGames Room: YesBBQ Area: YesPay TV: Yes

Other Features / Notes

2 Bedroom, 2 Bathroom, 2 Car, Ground Floor Apartment

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Map Location ( get directions )

Surfers Paradise, Queensland 4217 Exact map location not provided

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