In a nutshell (About this Management Rights)

"Talk to someone who's paying attention" . . . .

One bedroom residence will restrict this opportunity to Couples only, but it offers exceptionally high income for the modest capital outlay.

Independent Licenced Real Estate Agent 07) 5594 0016 or 0403 050 255 (Terry) or 0403 382 046 (Mei)      Fax 07) 5594 0034

Set yourself up for life!

E: terrymcmiles@bigpond.com W: www.terrymcmiles.com

Home Office : 1/6 Buddy Holly Close Parkwood QLD Gold Coast  4214

About Terry

Position, position, position . . . . an easy walk to Cavill Avenue and the Beach, with occupancy levels due to budget tariffs.

Buying Enquiries

Sellers Information

Surfers Paradise . . .$599,000 Busy Holiday Complex with 10 Units in Letting Pool Prepare to be rewarded if you have good management skills. This 3 storey walk-up style  building with very little yardwork, affords plenty of time to concentrate on promoting the business. Has been under management and needs a good onsite manager.

Contact Terry

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About Manage- ment Rights . . . Click here for explanation

This complex has huge potential. The current owner previously ran it mostly by himself (for over three years) but the building has been under management in recent times.    Accommodation module, currently 9 years to run on a 15 year agreement.There are 22 Units in the Complex. Currently there are 3 owner occupiers, the Managers Unit plus a letting pool of 10.   Excellent potential to build business back up to previous levels as tourism market recovers and permanent rentals moved over again to holiday lets.      Interested parties can have full financial information on signing a confidentiality agreement . . . Please contact Terry.

The Managers Residence was originally configured as two  bedrooms & one bathroom, plus adjoining small office.  Current owners have removed the 2nd bedroom to enlarge the office area.   It is therefore most comfortable  for a single person or Couple. The managers Unit which is ground floor, is the only Unit with a private Courtyard which is accessed from and an extension of the Living room and is  excellent for summer outdoor entertaining and "alfresco dining".  Comfortable for 2 people it could be easily upgraded further at modest cost to a very funky apartment with excellent "on title"office.

Guests enjoy an excellent swimming pool and Bar B Que area, and there are Laundry facilities (coin operated). On site parking for those with cars but because of the location within walking distance from Beach and all that Central Surfers has to offer, many regular guests holiday without the need for a Car.   The office also operates an active Tour Desk.                                                           Contact Terry for financial information

Further note: This Management Rights business is an exceptional offering with a fantastic  potential to increase the income level relative to the overall price. The one bedroom Unit plus large office is quite spacious, but easy to keep clean. Direct access to the office, & you can answer the phone from office or Unit so very well set up for a busy Couple looking for high returns. If  this is you, you will not find a better business.

It should be noted that high level of income that this complex generates will support a maximum level of borrowing and we estimate that 70% borrowings should be possible. . . .                                                                 Recommended!

A very positive bi-product of it's prominent corner site is that with a zoned building height possible for 15 storeys the land will sooner (rather than later), become a target for an amalgamated redevelopment site. . . . an excellent business for both current returns and Capital gains. Owner, who has interests elsewhere is ready to negotiate NOW!  Contact Terry for access to fiscal information.