Management Rights - Surfers Paradise, QLD

Surfers Paradise, QLD

$1,110,000

Property Description

Management Rights with plenty of upside

Current managers have been here for over 20 year so plenty of scope to bring website and advertising up to date and increase to income.

great location 1 block back from the beach with most units having great sea views. The gardens are set up for minimum

work to keep in top class condition and with no fixed office hours there should be plenty of free to to walk the beach next door.

The managers unit comes with large outdoor area ideal to entertain your friends.
Financial Overview

Body Corp Salary:
40300
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
Net Profit:
$126,000
Manager's Unit Price:
$480,000
Management Rights Price:
$630,000
Letting Business

Est. Year Built: 1989
Total Units In Complex: 24


Inside Letting Pool

Permanent: 3
Holiday: 10
Corporate: N/A
Total: 13

Outside Letting Pool

Lock Up: 4
Outside Agents: 1
Self Managed: N/A
Owner Occpd: 6
Total: 11

Number & Type In Letting Pool
Number Type Features
1 1 Bed Unit
20 2 Bed Unit
3 3 Bed Penthouse unit
Tariffs

Booking Type Details
Permanent $450 - 480 per week
Corporate
Holiday $120 - 350 per night
Manager's Unit & Office

Manager's Unit Size: 2
Office Reception:
Office Software: Capricorn
Office Hours: None specified
Storage: Yes
Office Computer: Yes
Module: Accommodation
Agreement Term: 25
Years To Run: 20
Manager's Unit Description: large 2 bedroom unit with wonderful outside courtyard

Facilities

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

Other Facilities:

Property Agent

Barry Hewitt

Barry Hewitt

Phone: 0405 195 013
Office: 1300 282 370

Email Listing Agent

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