193-197 Surf Parade SURFERS PARADISE QLD 4217

DESCRIPTION

HOME AND INCOME.
$50,000 Nett Income. Easily run by one and still work part time.
No set office hours. Minimum duties.
Fantastic lifestyle.
This is the perfect entry level (or addition to your portfolio) complex to enter into the Management Rights industry.

Lovely timeless Mediterranean art deco style complex, 18 boutique units in an ideal lifestyle location between the cafe culture of Broadbeach and Surfers Paradise and only a short stroll to the beach. Close to the Broadbeach bowls club and half way between Northcliffe and Kurruwa surf clubs. The majority of units are 1 bedroom and lend themselves to more of an investment style rather than owner occupied.

Price includes 2 bedroom managers’ apartment (pet friendly) which has a lovely sunny private outdoor and garden area which is very hard to find in this industry.

The current managers are ready to move to the next level after learning the ropes of the business in this fabulous easy care resort. The building and the units are well maintained and are perfect for permanent tenants. Easily run by one person. This is a must to inspect!
Currently 11 in the letting poole.
Body Corporate Remuneration $30,000
25 year accommodation module
Can easily change some apartments to holiday poole if would like extra income.
$380,000 Managers Unit
$100,000 Business (a low 2 multiplier)

$450,000 Asking price