Management Rights Business right on the Beach in Palm Beach

Management Rights: $3,500,000 & Managers Unit: $1,350,000

COMPLEX OVERVIEW
Units in the complex: 68
Units in the letting pool: 20 (22 x keys)
Term of Agreement: 23 years
Undercover Carpark: 68

OFFICE HOURS: Monday to Friday: 9:00am to 3:00pm
Saturday to Sunday: 9:00am to 10:00am

KEY FINANCIAL INFORMATION
MLR Business Price: $3,500,000
Managers Unit: $1,350,000
Net Profit: $595,607
Body Corporate Salary: $163,699

PROPERTY FOR SALE
Bedrooms: 3
Bathrooms: 2
Undercover Carpark: 1

COMPLEX DESCRIPTION
Pool and heated spa
BBQ
Sauna
Rooftop with BBQ

KEY INVESTMENT HIGHLIGHTS
High net income
Right on the beach
Located in the iconic Palm Beach on the Gold Coast
Diversified market segments
Ample secure undercover parking
Ability to grow the letting pool
Ability to increase revenue and net profit

Disclaimer: Every effort has been made to ensure that information is accurate. Nova House Realty disclaim any implied warranty or representation about its accuracy, completeness, or appropriateness for any particular purpose. This includes but is not limited to information provided by any third party.

Contact Agent: Chris Novak on 0434 532 144 or email: chrisnovak@development.atrealty.com.au