Management Rights - Surfers Paradise, QLD

Surfers Paradise, QLD

$600,000

Property Description

AN IDEAL OPPORTUNITY ON CHEVRON ISLAND!

Here is your chance to live on Chevron Island in a beautiful 3-bedroom apartment while operating a solid business with 9 permanent lettings in an easy to maintain building.

Situated within walking distance to Surfers Paradise Beach, these management rights give you the perfect balance between work and lifestyle. There are no set office hours in the agreement, care taking only takes a couple of hours a day and the tenants tend to be long-term.

The current mangers have a great relationship with the committee and this would obviously continue with any new diligent manager. There are 17 years remaining on the agreement and the multiplier is below 4!

The unit is very attractively priced and includes a large lockup workshop.

The financials are as follows:
Manager’s Salary: $28,498
Net Profit: $40,541
Unit Price: $440,000
Business Price: $160,000
Financial Overview

Body Corp Salary:
28498
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$41,451
Manager's Unit Price:
$440,000
Management Rights Price:
$160,000
Letting Business

Est. Year Built: 2000
Total Units In Complex: 21


Inside Letting Pool

Permanent: 9
Holiday: N/A
Corporate: N/A
Total: 9

Outside Letting Pool

Lock Up: N/A
Outside Agents: N/A
Self Managed: 1
Owner Occpd: 11
Total: 12

Number & Type In Letting Pool
Number Type Features
1 3 Bed Apartment
8 2 Bed Apartment
Bed
Tariffs

Booking Type Details
Permanent $385 - $425
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 3 Bedrooms , 2 Bathroom
Office Reception:
Office Software:
Office Hours:
Storage: 2
Office Computer:
Module: Accommodation
Agreement Term: 25
Years To Run: 17
Manager's Unit Description:

Facilities

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

Other Facilities: Large lockup workshop

Property Agent

Jonathan Shorter

Jonathan Shorter

Phone: 0405 537 600
Office: 1300 282 370

Email Listing Agent

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