Elanora
$2,660,000
3
3
4
Management Rights
- Resort/Holiday Complex Type
- 38 Letting Pool
- $74,533 Remuneration
- $375,170 Net Profit
- $970,000 Manager's Unit
- BBQ, Games Room, WiFi, Pool Features
Property Description
PROFIT $375,000 P.A. - GOLD COAST - LIVE OFF SITE
With no requirement to live onsite, this family-oriented Gold Coast holiday resort is within a 15-minute stroll to patrolled beaches. Dual key, two-bedroom apartments offer excellent rental flexibility within this famous holiday oasis. Notwithstanding the consistently solid profits there is still plenty of upside in this business as untapped onsite rentals remain outside the current rental pool. Furthermore, there is scope to bring in repair and maintenance income as presently this is not undertaken by the existing management team. An historically supportive Body Corporate committee is also a standout with this business over many profitable and harmonious years. The Manager enjoys the following Real Estate, all On Title: • 2 Bedroom, 1.5 Bathroom apartment • 1 Bedroom, 1 Bathroom apartment • Back office • Opulent and spacious Reception area • 4 Car spaces (including 2 car garage) Whilst excluded from the business profits, for sale purposes, the above mentioned one bedroom apartment is currently rented out for approx. $22,000 p.a. In summary, on offer is an immensely popular, solid, and profitable business operating in a low-key environment with a loyal long standing repeat customer base, including international sporting groups and interstate visitors. Elanora and surrounds are the perfect blend of country and beach as it is right on the edge of Talley Valley with cafes, restaurants, beautiful beaches, countryside, walks, nightlife (Burleigh or Coolangatta) all within 10 minutes. Enjoy the resort's water views, whilst also benefiting from convenient transport options, being close to the M1. This unique mix of profitable short and long-term letting pools within a strongly performing Management Rights business is hard to find! Contact Bobo for details today.
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