Surfers Paradise, Queensland

$529,000

Property Description

BARGAIN PRICED SMALL PERMANENT BUSINESS

Due to CONVIC-19 this year, all holiday letting units have been successfully converted into permanent letting units in this beautiful Mediterranean themed complex. The letting units are all furnished and fully occupied now because the complex is well maintained, tidy, and well presented.

Just 300m from Surfers Beach, 100m to light rail station. The location is in a hot spot of Surfers Paradise for both tourists and locals.

The permanent letting income presented now is the lowest income compared with the holiday income achieved over the past few years. However, when the business is back to normal and lockdown is lifted, it will be very easy to change all furnished permanent letting back into holiday letting with increasing income and well set up systems. A very good opportunity to buy this business at its lowest price now!

This central Gold Coast Management Rights business is low maintenance and could be handled by one person who is semi-retired and wants to live very close to the best beach in the world!

The manager’s renovated unit has two good size bedrooms, one bathroom, modern kitchen, a private balcony at the front and a huge exclusive use outdoor area outside the main bedroom. Just perfect!

Property Summary

Business Snapshot

Price: $529,000 Net Profit: $45,780 Remuneration / Body Corp Salary: $28,500Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $360,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: Exclusive Use
Manager’s renovated unit has two good size bedrooms, one bathroom, modern kitchen, a private balcony at the front and a huge exclusive use outdoor area outside the main bedroom.

Complex Information

Complex Type: PermanentTotal Units in Complex: 0Total Units in Letting Pool: 11Permanent Units: 11Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 16 yearsPool: YesBBQ Area: Yes

Marketing Agent


Marketing Agency

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Jenny Zheng
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Map Location ( get directions )

Surfers Paradise, Queensland 4217 Exact map location not provided

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