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Great Position in Surfers Paradise!!!
$1,889,000
Resort / Holiday management rights, Surfers Paradise QLD
You have the choice to appoint a manager or live and manage the business yourself - easily managed by a couple - with potential to grow the business. This dated yet still popular High Rise complex is situated on the riverside of Surfers Paradise allowing you to see and experience a totally different perspective about the Gold Coast. Images might not depict this complex.
Relax and enjoy both the magnificent outlook of the Gold Coast Hinterland, a unique riverfront view whilst many of the apartments also have sea views. The advantage being that you are a mere stone's throw away from the sparkling patrolled beaches of Surfers Paradise where you can swim, surf and soak up the stunning laidback beachside atmosphere. The light rail station being close by allows you quick access to Broadbeach, Southport and the University Hospital. The complex amenities include: pool, spa, sauna, games room, gym, tennis court, BBQ area and access to the jetty.
The managers apartment is located on the ground level and consists of 2 bedroom, 2 bathroom, laundry, open plan kitchen, dining room and lounge - all air conditioned and leading out to a large secure patio that overlooks the river. The manager also has direct access to the garage, jetty and pool area.
To arrange an inspection please call: Gavin - 08854 or email:
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
More Information
- Total Purchase Price: $1,889,000
- Net Income: $ 186,000
()
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 990,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.8
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?