Surfers Paradise, Queensland

$1,110,000

Property Description

Business For Sale - Growth Potential - ID 8641 BL

- Growth Potential - Currently Run Under Management
- Management Rights For Sale
- 73% of units in the letting pool
- Would suit two person team
- Resort style facilities
- Cleaning team in place
- Only 500m to the magnificent Surfers Paradise beach
- No need for a car, easy walk to light rail and Cavill Avenue
- Great first timer building
- Long agreements expiring 2038
- 2 bedroom residence, ideal for night caretaker

Excellent holiday complex for a couple starting out in the industry. Presently run under management. New owners should find efficiencies to improve net profit. Great location, one block away from the heart of Surfers Paradise.

Net Profit: $174,592
Asking Price: $1,110,000
(Inclusive of manager's real estate)

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

Exclusive Broker
Gerard Dixon

Property Summary

Business Snapshot

Price: $1,110,000 Net Profit: $174,592 Remuneration / Body Corp Salary: $35,759Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $255,000Bedrooms: 2Bathrooms: 1Car Spaces: 2Office: On Title
Two bedroom apartment, Two bathrooms, Air conditioning, Double car accommodation

Complex Information

Complex Type: HolidayTotal Units in Complex: 0Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes

Marketing Agent


Marketing Agency

MR Sales

Gerard Dixon
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Surfers Paradise, Queensland 4217 Exact map location not provided

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