Management Rights - Surfers Paradise, QLD

Surfers Paradise, QLD

$690,000

Property Description

Wonderful Opportunity in Surfers Paradise - right on the riverfront. PRICE JUST REDUCED!

These Management Rights offer a great opportunity for either a seasoned on-site manager or someone coming into the industry. Alternatively, it could be added onto your existing business.

There are a total of 30 units with 10 in the letting pool. 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 $117,597
Financial Overview

Body Corp Salary:
47541
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$117,597
Manager's Unit Price:
$270,000
Management Rights Price:
$420,000
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
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 valued at $280,000.

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

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