Significant Property, Ocean Views, Beachside Lifestyle, 500k Profits
The Southern Cross Holiday Apartment complex is located at the popular and sought after Burleigh Heads beach front. The property is located along ‘The Esplanade’ with easy beach access and glorious ocean or hinterland views from all 60 apartments.
Located amongst great holiday apartment buildings and hotels, Burleigh Heads is a national surfing reserve and has an amazing setting with cafes, restaurants and shopping. The property will also be accessible by light rail with the new extension from Broadbeach to Burleigh Heads.
The Managers Unit
A specious and private apartment with 2 bedrooms, 2 bathrooms, living, dining kitchen and direct access to the garden. The managers own the reception and office area, plenty of storage and a lock up car port for 1 car, which forms part of this sale and are on title. The managers apartment is separate from the reception, located on the ground floor and has ocean views.
Management Rights
A management rights operation produces lucrative income and a fantastic lifestyle. The management rights owners income is composed of holiday booking income, long term rental management commissions and building managers pay.
Business Model | 30 two bedroom and two bathroom apartments in mixed letting pool with room for expansion. A significant level of repeat business that lets you save on bookings commission.
Complex | Easy maintenance complex. The complex has a heated outdoor swimming pool, spa, gym, two tennis courts, library area, and secure underground parking. A healthy sinking fund of over $800,000 and a great upgrade program in the pipeline. The property has an excellent and productive body corporate committee.
Fixed Income | An impressive $100,000+ Body Corporate Salary as fixed income
Term Remaining | Slots of 10 year terms
Net Profit| AUS$500,000
Price | AUS$3,300,000 (Managers Apartment:$1,300,000, Management Rights; $2,000,000)
Selling as the long term managers intend to retire.
This is a lucrative business and lifestyle opportunity, located at the amazing Burleigh Heads beach front, Gold Coast, QLD.
For more information and to arrange your private viewing, please contact our specialist Management Rights Broker, Dilan De Silva.
Please refer to www.tourismproperties.com for more information.If you would like to know more about this opportunity, please register on our website, and then navigate to the Documents tab on this listing, and request access to the confidential information therein, thank you.
