Broadbeach Holiday with 3 Bedroom Unit
$2,695,000
Resort / Holiday management rights, Broadbeach QLD
Great location in the heart of Broadbeach and so handy to restaurants, cafes, shopping, public transport, tram, Convention Centre, Casino, Pacific Fair and Kurrawa Surf Beach.
Well maintained 16-level highrise with 66 units in the building. There are 23 units in the letting pool comprising a mixture of two and three bedrooms ideal for families, sporting groups, etc. all offering either coastal, skyline or hinterland views.
The managers residence has a rare 3 double bedroom unit with 2 bathrooms, separate laundry, spacious open-plan living and has been extensively renovated. Beautifully presented it also offers a fenced courtyard for outdoor living and underground car space. Adjacent to the foyer there is a reception area, large back office and kitchenette for the managers use.
The complex offers a wide array of facilities for guests including heated pool and spa, his and her saunas, full-size tennis court, large shaded barbecue area, games room with table tennis and pool table, and secure underground parking.
If you are looking for a high net building in a sought-after location with a generous Body Corporate salary and a 3 bedroom beautifully renovated managers unit, this should be on your list to inspect.
More Information
- Total Purchase Price: $2,695,000
- Net Income: $ 372,263
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,025,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: 4.5
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.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?