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"Talk to someone who's
paying attention" . . . . |
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In a nutshell - (about this Management Rights) |
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Work from home 1 person business |
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Independent Licenced Real Estate Agent
07) 5594 1282 or 0403 050 255 (Terry) or
0403 382 046 (Mei) Fax 07) 5594 1292 |
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Plenty of spare time (Minimum yardwork) |
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Choice location for great Lifestyle |
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E: terrymcmiles@bigpond.com
W: www.terrymcmiles.com |
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Home Office : 52 Hickey Way
Carrara QLD Gold Coast 4211 |
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About Terry |
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$78,000 price reduction 2.8.10 . . . 100 steps to patrolled Beach
Midway between Broadbeach and Surfers Paradise $549,000 Mix of Holiday & Permanent - Location, Location, Location . . . . |
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Buying Enquiries |
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Sellers Information |
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Yes, the location is absolutely prime . . . just 100 metres from the below stretch of Beach. Directly opposite will be a new luxury Beachfront development of M$1 plus apartments. |
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Contact Terry |
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Home |
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Yardwork is at a minimum as easy care gardens are well established. The main duty is to keep the pool in it's pristine condition and leaf-blow or sweep the paths as needed. Not at all difficult.
See note below re recent price reduction. |
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The Complex is a 3 storey walk up with security parking under. Most units have been modernised to at least 3.5 star standard. The Managers Unit in the front north eastern corner is light and sunny with new Kitchen and Bathrooms, tiled floors and private tiled terrace for outdoor entertaining. Excellent Pool and Bar-b-que area for guests enjoyment. 5 Permanent lettings, and 7 Holiday. Current Managers have owned the rights for the past 10 years and they have built a strong rapport with guests which has led to excellent repeat business and referrals. Individual units are quite spacious, all have 2 bedrooms with 2 bathrooms, full Kitchen, laundry and excellent Living rooms. Balconies face North, upper levels with Ocean views. The targeted market has been the Family Holiday Market which makes sense with the patrolled beach virtually at the doorstep. |
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Low season Tariffs for 1-4 people are $595 per week,mid season $755 to $875, & Christmas high season are just $1,295 per week. |
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Very comfortable 3.5 star family living with most units upgraded in recent years. Wonderful holiday accomodation |
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Extra persons (above 4) are charged at $20 - $25 per night and for the standard of accomodation and the wonderful location these rates can only be considered as being low. |
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There is plenty of scope for improvement in income being generated from this business even though occupancy rates are very high. There is room for tariff increases especially with general upgrade to streetscape that will come with the new development opposite. A full report showing current income and potential for growth is available to buyers who sign a confidentiality form. . |
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The Managers ground floor Unit (see above and below) is included in the price at valuation. It has a new Kitchen and excellent private Bar-b-que terrace. |
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Note: Price reduction to $549,000. Owner needs urgent sale for health reasons.This Boutique building is in great condition and with the building mix of permanent & holiday lettings, from a business point of view this is hard to beat. With the price reduction, the multiplyer on the business is now set at an "all time low" Contact Terry for full financial report which is available on signing a confidentiality agreement.
Recommended as best value small holiday Management Rights on the market at the present time. |
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A 2009 garden "revamp" with $5,000 spent by Body Corp make this boutique building more attractive (in its Tariff bracket) than anything else in Surfers.
In addition a Council & Body Corp approved Roof has been added over the Managers exclusive use outdoor entertaining area. This will allow the office area (currently in the cornerof the Living room) to be moved out of the living area onto the original balcony area.
This will be a huge improvement in Managers comfort and accommodation as all dealings with guests, permanent tenants and tradespeople will be able to be conducted from this seperate office.
Forward bookings continue to defy the industry averages with superior presentation bringing in a high level of "walk-ins".
Price is pretty firm at $549,000 but represents terrific value. With the recent price reduction (recently $78,000 and all up over $100,000) should sell quickly. Don't delay,
Contact Terry for Fiscal information.(available on signing a confidentiality agreement) |
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