Surfers Paradise
$1,368,000
2
2
2
Management Rights
- 39 Total Units
- Resort/Holiday Complex Type
- 13 Letting Pool
- $77,354 Remuneration
- $207,533 Net Profit
- $630,000 Manager's Unit
- BBQ, WiFi, Pets Allowed, Pool Features
Property Description
VALUABLE HOLIDAY BUSINESS
A lovely 3-storey walk-up building in Surfers Paradise, located in an especially peaceful part of paradise. The one-bed room units, make it easily to secure bookings and maintain revenue for investors in the holiday letting pool. A healthy term of 19 years remains on the Management Rights Agreement. Body Corporate salary is a rewarding $77,000 + GST, increasing according to CPI each year. Current total net income is over $207,000 with multiplier of around 3.5! The manager's unit is the only 2-bedroom, 2-bathroom unit in the building, featuring a renovated ensuite, 2 car spaces, a good-sized office attached and a private backyard. It is also a pet friendly building. This holiday business is also attractive to local travellers and businesspeople, as it is within walking distance to the beach, and close to Star Casino, Pacific Fair Shopping Centre, Cavill Avenue, and the Gold Coast Convention Centre via nearby G-link tram station. Does this valuable central Surfers Paradise Management Rights business appeal to you? Then you are more than welcome to arrange an exclusive inspection with me!
Your Trusted Management Rights and Resort Sales Brokers
