Management Rights:

Tel: 0459229...

Surfers Paradise, QLD : $ 1,017,000

Last update: 26 November 2019.
 management rights

Financial Data
Listing Status current
Price $ 1,017,000
Net Income (explanation) $ 163,000 (actual)
Remuneration (explanation) $ 59,583
Complex Specifics
Location (Read Suburb Profile) Surfers Paradise QLD, 4217
Complex Features
  • Pool;
  • heated spa;
  • BBQ;
  • Security access;
  • security patrol;
  • WIFI;
  • Foxtel;
  • Secure parking;
  • Manager`s Realestate
    Manager`s Bedrooms 3
    Manager`s Bathrooms 2
    Manager`s Car Spaces 1
    Manager's Realestate Value $ 365,000
    Letting Rights
    Agreement Term 25 years
    Agreement Remaining 21 years
    Total Units 42
    Units in Letting Pool 19
    Outside Agents 12
    Owner Occupiers 10

    Fantasic Opportunity Very Low Multiple

    Surfers Paradise holiday resort on the beachside. Current managers have to move back overseas and require a quick sale. This presents a fantastic opportunity for an enthusiastic new manager/s. This business is ideal for a first time management team and presents with plenty of scope for improvement. A mixed use scheme with 50/50 holiday and permanent rentals. The grounds are low maintenance and easy care facilities. Current managers reside offsite and employ a night manager who is also the cleaning contractor. Great relationship exists with the owners and the body corporate committee. Agreements were topped up in 2018 and currently sit at 21 years. Inspect today vendors will consider reasonable offers!

    (3910485)

    REF: 3910485

    For All Enquiries


    Call Narelle Filmer
    Mobile: 0459229...

    Email Narelle Filmer

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