Glamourous, Elegant and Immaculate!!!

$1,980,000

Permanent management rights, Surfers Paradise QLD

A permanent riverside complex that almost presents as new and is regarded as being one of the best around. The interior of this complex exudes quality and luxury, as does the exterior with manicured and lush grounds, and resort style amenities - all this and within walking distance to the beach.

The complex facilities include: riverside heated pool, well-equipped gym, two barbeques, pontoon, Zen garden area, secure lobby leading to media room and residents lounge area. Images might not depict this complex.

Immaculate north facing 2 bedroom 2 bathroom managers apartment, spacious and elegant lounge and dining area, a modern fully equipped kitchen and a separate laundry. In addition an attached on title office and a secure private courtyard with direct and private access to the pool area.

Gallery Vie compliant, 25 year agreements, contactable between 9am and 3pm, ability to appoint a nominee, gardens maintained by the BC and a supportive Committee. Included in the figures is $120,000 salary derived from a nearby complex offering a yearly caretaking agreement.

Definitely a MUST SEE COMPLEX with abundant lifestyle qualities!!!

To arrange an inspection please call: Gavin - 08854 or email:

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

More Information

Financial Overview

Total Purchase Price: $1,980,000
Net Income: $ 251,000 ()
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,350,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 2.5
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: 8
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 55
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 228,000
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 25 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Contactable
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 1,350,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: Yes
_{Can the manager own a pet on site?}

Unit Features: