Surfers Paradise, Queensland

$1,584,000

Property Description

LIVE OFF SITE. STRONG RETURNS

Current Manager lives off site.

A manageable letting pool of 26 one-bedroom units and low maintenance grounds in a compact holiday complex.

This Management Rights business has a cooperative body corporate and over a quarter of a million dollars in net profit. A great package in such a lovely part of the world!

Embrace the village feel of Chevron Island with all you need including restaurants, coffee shops, grocery store, clothing stores, beauty, pharmacy, post office. The new Cultural Precinct is in the final stages of development at Evandale where guests can enjoy walks surrounded by waterfront homes or a quick dip in the lagoon.

A short stroll across the bridge to Surfers Paradise and all that goes with this iconic tourist mecca.

Property Summary

Business Snapshot

Price: $1,584,000 Net Profit: $255,200 Remuneration / Body Corp Salary: $55,674Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $270,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes
One bedroom. Ground floor

Complex Information

Complex Type: HolidayStar Rating: 3Total Units in Complex: 40Total Units in Letting Pool: 26Holiday Units: 23Permanent Units: 3Owner Occupy Units: 7Outside Agent Units: 6Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 18 yearsPool: YesBBQ Area: Yes

Other Features / Notes

Live off-site should you choose!

Marketing Agent


Marketing Agency

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Map Location ( get directions )

Surfers Paradise, Queensland 4217 Exact map location not provided

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