Management Rights - SURFERS PARADISE, QLD

SURFERS PARADISE, QLD

$1,135,000

Property Description

Ideal Opportunity in Surfers Paradise

This building is only 50 metres from beautiful Surfers Paradise Beach. It has a total of 20 units, 15 of which are in the holiday letting pool and can be easily managed by one person. The building was built with investors in mind as the units do not suit owner occupiers. This building continues to experience a high occupancy rate.

There are no set office hours in the agreement and the grounds are easy to maintain. The manager's unit has 2 good sized bedrooms, 2 bathrooms and a modern kitchen. The outdoor living space is generous giving you the opportunity to enjoy the weather and surroundings.
The agreement has 20 years to run.

Whether you are an experienced on-site manager or are new to the industry, this opportunity is for everyone.

Managers Unit: $495,000
Management Rights $640,000
Total Price $1,135,000

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

Body Corp Salary:
$39,878
Anniversary Of Body Corporate Salary:
N/A
Body Corporate Salary Review:
Net Profit:
$133,361
Manager's Unit Price:
$495,000
Management Rights Price:
$640,000
Letting Business

Est. Year Built: 1998
Total Units In Complex: 20


Inside Letting Pool

Permanent: 0
Holiday: 15
Corporate: 0
Total: 0

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:
Office Software:
Office Hours: None
Storage:
Office Computer:
Module:
Agreement Term: 25
Years To Run: 20
Manager's Unit Description:

Facilities

Pool: YES
Spa: YES
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