Management Rights - Main Beach, QLD

Main Beach, QLD

$1,275,000

Property Description

ONLY 4.1 MULTIPLIER...BEACHFRONT RESORT in Main Beach

BEACHFRONT RESORT in Main beach

This Beachfront Resort Complex is for sale in beautiful Main Beach. Most of the hard work has been done by current Managers with over 30 BC works being done and also units painted and fixed up, bathrooms and kitchens done etc. They are all tastefully done by the owners and the onsite Managers combined for higher returns with amazing views . A great beachfront location in the heart of Main Beach with a lovely two bedroom apartment is a good combination of good living with a good income.

This high rise complex is an established income earner in the heart of the tourist belt of popular Main Beach. The cafes and restaurants on Tedder Avenue are just steps away and a 24hour shop is just downstairs - this is a real draw for visitors. More importantly the beautiful white sand beach is right across the street.

The light and bright ground floor, two bedroom apartment has an open plan kitchen and a sizeable courtyard.

Combine your home and business with ease. Current owners have had to cut short their 10 year plan because of illness. This complex has been reduced for a quick sale and its a must to inspect for a great lifestyle good BC and running smoothly.

Call Kerrie Lush on 0416 084 693 or email kerrie@raas.com.au
Financial Overview

Body Corp Salary:
85186
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$188,000
Manager's Unit Price:
$498,000
Management Rights Price:
$777,000
Letting Business

Est. Year Built: 1989
Total Units In Complex: 45


Inside Letting Pool

Permanent: 6
Holiday: 11
Corporate: N/A
Total: 17

Outside Letting Pool

Lock Up: 17
Outside Agents: 1
Self Managed: N/A
Owner Occpd: 11
Total: N/A

Number & Type In Letting Pool
Number Type Features
17 2 Bed Apartment Ocean views, spacious with Ensuite fully equipped kitchen including microwave and dishwasher
0 Bed
0 Bed
Tariffs

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

Manager's Unit Size: 2 Bedrooms , 1 Bathroom
Office Reception: On Title
Office Software: Hirum
Office Hours: No Office Hours on Agreement
Storage: Linen Room on Exclusive use & another 5 square metres on Title
Office Computer: Yes
Module: Standard
Agreement Term: 10
Years To Run: 8.8
Manager's Unit Description: Fully equipped & refurbished kitchen with microwave and dishwasher. Separate laundry with washing machine and dryer. Airconditioned tiled floor in living areas and outdoor patio area. Good size Approx. 100 sq metres

Facilities

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

Other Facilities: Pool is Heated, Tennis Court is full size, Games Room,Internet available, Sun deck, Secure Basement Parking

Property Agent

Kerrie Lush

Kerrie Lush

Phone: 0416 084 693
Office: 1300 282 370

Email Listing Agent

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