Motivated Owner "Main Beach" Exceptionally Good Opportunity

Description

An outstanding opportunity to purchase a Management Rights with motivated owner ready to sell. This exquisite high rise property has 124 beautiful apartments, most of them overlooking the Ocean with are 24 units in the letting pool, 23 in holiday and 1 permanent. The right management couple will have tremendous opportunity to grow their business, with 5 outside agents, and 40 lock-ups. The managers unit is ground level with 2 Bedrooms and 2 Bathrooms with a private courtyard looking into the gardens.
Key Points:
– High Body Corporate Salary $178,044
– Netting estimated $200,000 (New figures to be updated and confirmed)
– Low Multiplier
– Property has had extensive upgrades already complete
– 10 Year Agreement

For Sale $1,570,000

  • Listing Ref: STC-01772
  • Property Type: Management Rights
  • Property Category: Resort / Holiday
  • State: QLD
  • Suburb: MAIN BEACH
  • Net Profit: $200,000 (Projected)
Larry Seburn
+61 403756755
0403756755
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