Management Rights:

Tel: 0459229...

Surfers Paradise, QLD : $ 1,198,000

Last update: 05 November 2021.
 management rights

Financial Data
Listing Status current
Price $ 1,198,000
Net Income (explanation) $ 135,000 (actual)
Remuneration (explanation) $ 36,081
Complex Specifics
Location (Read Suburb Profile) Surfers Paradise QLD, 4217
Complex Age 21years
Complex Features
  • Heated Pool;
  • Heated Spa;
  • Lift;
  • 1/2 tennis court;
  • secure underground parking;
  • security access;
  • CCTV;
  • Manager`s Realestate
    Manager`s Bedrooms 2
    Manager`s Bathrooms 2
    Manager`s Car Spaces 2
    Manager's Realestate Value $ 610,000
    Letting Rights
    Agreement Term 25 years
    Agreement Remaining 24 years
    Total Units 25
    Units in Letting Pool 13
    Outside Agents 1
    Owner Occupiers 11

    ONE OF THE BEST SHORT TERM COMPLEXES IN THE AREA!

    The time is right to secure yourself a fantastic short term holiday complex. This building is located in one of the most sort after areas of the Gold Coast. Positioned between Surfers Paradise and Broadbeach right across from the beachfront. This complex is also positioned right by the highly anticipated (and soon to be opening) Jewel development that is expected to have attractive restaurants, cafes and shops within the precinct. The exposure with the increased traffic to the area is sure to have a positive impact on bookings for this business. The current management team have built a great 'repeat cliental' business and have never been reliant on international guest bookings. The managers have a good working relationship with the committee and unit owners. This is evident by the overwhelming support for the recent top up of the Management Agreements, currently sitting at 24 years. The manager's residence is a lovely well maintained 2 bedroom ground floor apartment with office attached and on title. There is no requirement in the agreements for management to reside onsite. The grounds and facilities of the complex are easy to maintain and the business can be managed by first timers into the industry. Inspect today!

    (21082093)

    REF: 21082093

    For All Enquiries


    Call Narelle Filmer
    Mobile: 0459229...

    Email Narelle Filmer

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