Management Rights - Burleigh Heads, QLD

Burleigh Heads, QLD

$1,495,000

Property Description

Management Rights with Large Letting Pool only a block from Burleigh Beach!!

Here is your chance to own management rights only 100 metres from beautiful Burleigh Beach. The manger's unit is spacious, modern and comfortable. There are a total of 35 units in the building with 24 in the letting pool. The letting pool has grown buy 3 units in the last 12 months. The majority are holiday lettings with an 84% occupancy rate. The gardens and the building are easy to maintain. This business offers a good body corporate salary and creates a strong net profit. This is an excellent opportunity for experienced onsite managers and first time managers.

The financial breakdown is as follows:
Net Profit: $199,663
Unit Price: $495,000
Management Rights: $1,000,000
Total Price: $1,495,000

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

Body Corp Salary:
59255
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
CPI
Net Profit:
$199,662
Manager's Unit Price:
$495,000
Management Rights Price:
$1,000,000
Letting Business

Est. Year Built: 2000
Total Units In Complex: 35


Inside Letting Pool

Permanent: 5
Holiday: 19
Corporate: N/A
Total: 24

Outside Letting Pool

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

Number & Type In Letting Pool
Number Type Features
21 1 Bed Unit
3 2 Bed Penthouse 2 level s
1 Bed
Tariffs

Booking Type Details
Permanent 325 - 395 per week
Corporate
Holiday 189 - 199 nightly
Manager's Unit & Office

Manager's Unit Size: 2 Bedrooms
Office Reception: On Title
Office Software: EzyRez
Office Hours: M-F: 8:30am to 5:30pm. S&S: 9am to 1pm
Storage: Yes
Office Computer: Dell
Module:
Agreement Term: 25
Years To Run: 22
Manager's Unit Description:

Facilities

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

Other Facilities:

Property Agent

Jonathan Shorter

Jonathan Shorter

Phone: 0405 537 600
Office: 1300 282 370

Email Listing Agent

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