Primely situated adjacent to Scarborough Beach, this property offers a well-established management rights consisting of 75 apartments in total with 33 in the letting pool.
Offering a mix of studio, one-, two- and three-bedroom fully self-contained apartments, this business is highly sought after and enjoys a steady income of permanent, short-stay, and corporate clientele.
The managers have recently been granted a 5-year top-up, extending the agreements until December 2045. With a strong Body Corporate salary of $131,790 and 22 years remaining on the agreements, this opportunity offers long-term security for the new manager.
Manager's residence is being offered at $650,000 ($85k under valuation) representing incredible buying.
Don't miss out on the rare opportunity to enjoy an attractive income whilst owning a piece of prime real estate in the highly-sought after Scarborough Beach.
Located in a prime waterfront location
Generous Body Corporate salary of $131,790
No office hours provide flexibility
Perfect blend of permanent short stay and corporate clientele
Long term security with 22 years remaining on the agreements
Spacious 4-bedroom, 2 bathroom manager's residence with attached office
Resort facilities include rooftop barbecue area, swimming pool, sauna and spa
Conveniently located near restaurant, cafes and shopping outlets
Inspections are by appointment only
