Management Rights Business For Sale
Stunning beachfront location, this management rights offers great potential to increase its current net profit
- 28 floor tower, resort style quality, 106 unit complex with only 27 units in the letting pool
- Major building refurbishment completed recently
- Reap the profit, being sold as a permanent complex however convert back to holiday after Covid-19. Was netting mid $400,000 with holiday letting
- Located close to Surfers Paradise hub, restaurants, cafes, bars and tourist attractions
- Light rail station just metres away
- Spacious 2 bedroom managers residence with ocean views
- Nearby office on title with private back office
- Body Corporate remuneration $200,000
- Body Corporate cleaners and maintenance person included in expenses
- Resort facilities
Net Profit: $281,298
Real Estate price: $595,000 including office / reception
Property Code: 539
