Surfers Paradise
$775,000
2
2
1
Management Rights
- 16 Total Units
- Resort/Holiday Complex Type
- 7 Letting Pool
- $26,200 Remuneration
- $73,531 Net Profit
- $600,000 Manager's Unit
- BBQ, Pool Features
Property Description
2.4 MULTIPLIER - ON THE WATER
This boutique three-storey Walk-Up complex is on the river and in the heart of Surfers Paradise. Only five-minutes' walk to the famous Cavill Mall and tram station. And set alongside the Nerang River with a jetty for boating and fishing. A delightfully renovated 2-bedroom, 2-bathroom manager's apartment with office on title, for sale at a very reasonable price of only $600,000. The Management Rights business itself has easily managed gardens and no set office hours ensuring a great work-life balance. With a total 16 units in all, the business has seven in the letting pool. For much of the year these units are let on a permanent-longer term basis, however historically they revert to short term-holiday letting throughout "Schoolies" and the peak holiday season for approximately 3 months of the year. Net income of $73,500 includes a generous Body Corporate salary $26,000 representing a wonderful opportunity for a smart business operator. Current Caretaking Agreement has 24 years remaining. One operator can easily manage this attractive business package.
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