Management Rights - Surfers Paradise, QLD

Surfers Paradise, QLD

Offers Over $600,000

Property Description

PRICE REDUCED! GREAT MANAGEMENT RIGHTS BUSINESS IN SURFERS PARADISE! With a multiplier of only 3.2!

These Management Rights offer a great opportunity. It already creates a 6-figure net profit with the potential for more.

There are a total of 30 units with 10 in the letting pool and 11 with outside agents. This offers great potential to grow your letting pool and your income. The Body Corporate is supportive in helping the on-site managers.

The grounds are low maintenance with a large BBQ and entertaining area with wonderful heated swimming pool on the river's edge.

The Management Rights show a Net Profit of over $112,000

Unit Price: $240,000
Business Price: $360,000
Total Price: Offers over $600,000
Financial Overview

Body Corp Salary:
47541
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$112,000
Manager's Unit Price:
$240,000
Management Rights Price:
$360,000
Letting Business

Est. Year Built: 1991
Total Units In Complex: 30


Inside Letting Pool

Permanent: 0
Holiday: 10
Corporate: 0
Total: 10

Outside Letting Pool

Lock Up: N/A
Outside Agents: 11
Self Managed: 0
Owner Occpd: 9
Total: 20

Number & Type In Letting Pool
Number Type Features
10 2 Bed Units Self-contained Fully equipped kitchens with dishwasher & microwave oven, Laundry, Circular spa in each apartment
1 Bed
1 Bed
Tariffs

Booking Type Details
Permanent
Corporate
Holiday Ask for Tariff Sheet.
Manager's Unit & Office

Manager's Unit Size: 1 Bedrooms , 1 Bathroom
Office Reception: On Title
Office Software: Web Rez Pro
Office Hours: 8:30 - 5:30 M-F 8.30 - 12 Sat
Storage: Yes in secure garage
Office Computer: yes x2, 4years old
Module:
Agreement Term: 25
Years To Run: 18
Manager's Unit Description: Manager has a separate 1 brm unit behind the office, air/con.

Facilities

Pool: Yes
Spa: No
Gym: No
Tennis Court: No
Sauna: No
Foxtel: Yes
Cable Installed: Yes
Pets Allowed: No
Barbeque Area: Yes
Wireless: Yes

Other Facilities: Secured carparking.
25 metre heated lap pool and childrens wading pool. Also 2 BBQ and large uncover courtyard

Property Agent

Jonathan Shorter

Jonathan Shorter

Phone: 0405 537 600
Office: 1300 282 370

Email Listing Agent

Copyrights © 2017 All Rights Reserved by Raas Group. Privacy