Surfers Paradise, Queensland

MUST SELL! $2,545,000

Property Description

MUST SELL! PARADISE WITH LARGE INCOME

We are proud to offer this Surfers Paradise Management Rights for sale.

This 3 storey walk-up holiday business is ideally located and a comfortable walk to the very heart of both Surfers Paradise and Broadbeach. Only 100 meters from patrolled beach! A lovely family orientated resort close to Pacific Fair Shopping Centre, Star Casino and Gold Coast Convention Centre.

A handsome net income of $374,000, twenty four years to run on management rights agreements and a body corporate salary of $135,000. There is also potential to improve current occupancy rates.

A very well presented and impressive building with recent extensive renovations undertaken. Likewise, the tastefully renovated manager’s apartment consisting of 3 bedrooms, 2 bathrooms and 2 car accommodation is ready to impress with a spacious gourmet kitchen complementing the modern open plan living.

Why wait? Contact me now for an inspection!

Property Summary

Business Snapshot

Price: MUST SELL! $2,545,000 Net Profit: $373,758 Remuneration / Body Corp Salary: $135,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $595,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Tastefully renovated manager’s apartment consisting of 3 bedrooms, 2 bathrooms and 2 car accommodation is ready to impress with a spacious gourmet kitchen complementing the modern open plan living.

Complex Information

Complex Type: HolidayTotal Units in Complex: 59Total Units in Letting Pool: 28Holiday Units: 24Permanent Units: 4Owner Occupy Units: 20Outside Agent Units: 8Lockup Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesSpa: YesGames Room: YesBBQ Area: YesPay TV: YesWIFI: Yes

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Map Location ( get directions )

Surfers Paradise, Queensland 4217 Exact map location not provided

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