Management Rights - BROADBEACH, QLD

BROADBEACH, QLD

$1,100,000

Property Description

Management Rights in an ideal location!

This is a golden opportunity to manage a low maintenance building with a solid financial return. Holiday lettings in the heart of Broadbeach. A short walk to the centre of Broadbeach, The Convention Centre, Star Casino, the beach, cafes and restaurants.
The building has a total of 18 units with 11 in the holiday letting pool with a high occupancy rate.
There are 24 years remaining on the agreement.

The Financials reflect the following numbers:
Net Income: $125,000
Business Price: $600,000
Unit Price: $500,000
Total Price : $1.1 Million

Please contact Jonathan Shorter on 0405 537 600 or email jonathans@raas.com.au
Financial Overview

Body Corp Salary:
$31,001
Anniversary Of Body Corporate Salary:
N/A
Body Corporate Salary Review:
Net Profit:
$124,823
Manager's Unit Price:
$500,000
Management Rights Price:
$600,000
Letting Business

Est. Year Built: 1988
Total Units In Complex: 18


Inside Letting Pool

Permanent: 0
Holiday: 11
Corporate: 0
Total: 11

Outside Letting Pool

Lock Up: 0
Outside Agents: 0
Self Managed: 0
Owner Occpd: 0
Total: 0

Number & Type In Letting Pool
Number Type Features
Tariffs

Booking Type Details
Permanent
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 2 Bed
Office Reception: In residence opening onto stairwell
Office Software: Hirum & HiSite
Office Hours: No set office hours in agreement
Storage: Storage cage in car park
Office Computer: ASUS
Module:
Agreement Term: 25
Years To Run: 24
Manager's Unit Description: Ground floor apartment with two large balconies and office.

Facilities

Pool: YES
Spa:
Gym:
Tennis Court:
Sauna:
Foxtel: YES
Cable Installed: YES
Pets Allowed:
Barbeque Area: YES

Other Facilities:

Property Agent

Jonathan Shorter

Jonathan Shorter

Phone: +61 405 537 600
Office: 1300 282 370

Email Listing Agent