Inspect this great life style business opportunity - 1P4411MR
Located in a popular area of Tropical North Queensland, this complex is available with a generous Body Corporate salary and a strong rental pool.
After a decade in the business the current owners have created a well organised and easily maintained property ready for a smooth transition to a new owner.
TOTAL NUMBER OF UNITS : 98
UNITS IN LETTING POOL : 42
NET PROFIT : $320,000
REAL ESTATE PRICE : $430,000 - includes additional buildings
BUSINESS PRICE : $1,320,000
TOTAL ASKING PRICE : $1,750,000
Price: Management Rights $1,750,000
Remuneration / Body Corp Salary: $211,206Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $430,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: Exclusive UsePets OK: Yes
Self-contained and fully air-conditioned.
Complex InformationComplex Type: HolidayTotal Units in Complex: 98Total Units in Letting Pool: 52Holiday Units: 42Permanent Units: 10Owner Occupy Units: 33Outside Agent Units: 20Lockup Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesSauna: YesTennis Court: YesGames Room: YesBBQ Area: Yes
Other Features / Notes
A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS