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

Commercial & Residential in same building, prime central location

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

Easily run by one, room to improve

Smart Lifestyle Choice

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

Home Office: 1/6 Buddy Holly Cl. Parkwood Queensland Gold Coast  4214

About Terry

Located in the commercial heart of the Gold Coast . . . $825,000 This Management Rights Business is absolutely unique being in zoning that allows Business use or residential or a mix of both.

Buying Enquiries

Sellers Information

There are 20 units in this Complex built as a rectangular donut with central common area of gardens and Bar-b-que / outdoor seating for use of all residents and workers. Because of its intended usage as predominently Business there is no pool and the Managers outdoor duties are limited to keeping common areas tidy and tending shrubs as necessary. Not a big "ask"

Contact Terry

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

The building covers an entire block with additional pedestrian entrances from three streets and vehicle access to the underground secure carpark from the southernmost street (photo below right). 10 Units face the front road and the next

10 overlook the common central open space and Bar -b-que / outdoor relaxing area (see below). The building was completed in 2006 and at that time was mainly leased to Business & Commercial tenants. With the Global Financial Crisis having a severe effect on office space, it followed that as

vacancies occured in the building it became necessary to lease these as residential units to keep vacancy factors under control. This flexibility of having commercial or residential tenants is something other strata title offices do not enjoy and whilst individual investor owners enjoy higher returns from business clients the "safety net" of being able to let as residential in times of low demand for office space is indeed a distinct advantage and is likely to keep re-sale prices strong. The current mix of tenancies is weighted towards residential but we will see this change back as demand for office space returns & the attractiveness and short supply of units that have been purpose built for the emerging Home Office market for small business will create higher demand as the business sector regains confidence in the "real economy".

Photo at left is not Managers unit but a typical lounge area or open plan office when furnished for residential purposes. The opaque doors at left of photo slide out to screen the up market kitchen when not in use. Photos at right  and below right are 1st floor bedrooms or alternately office space with one having access to balcony. The agreement is for 25 years, still with 22.5 years to run, so the very best years for this business are in the future.

The Managers Apartment is over 3 levels comprising Double lock-up garage and storage in the basement with internal stairs to ground floor level, which features Managers office with entrances both from common area (for clients) or from the unit. Powder room and laundry on this level, Kitchen behind opaque sliding doors and Lounge and dining room which both open to a private tiled outdoor front terrace shielded from the main street frontage by the high wall. Windows facing the main road on both living levels are double glazed and there is very little noticable traffic noise. This is indeed a quality build, and features 9 foot ceilings. A staircase leads up to the 1st floor which has 3 queen or larger sized bedrooms and two bathrooms. . . a quality residence that will impress. As well as the Managers double garage there are two exclusive use extra car parks in the basement for extra cars or your own business visitors. It is very hard to find this quality of accommodation including  so much Manager parking in the Management Rights Industry.Indeed very comfortable living. The location is pure gold . . . just an easy stroll to restaurants, the Gold Coast Arts Centre, the race course etc. A 5 minute car ride to Surfers Paradise, Broadbeach and Pacific Fair and an extra minute or 2 will get you to the Southport Business Centre and Law Courts.

Underground Carpark above, & at right is carpark 3 &4 with storage cage behind,all exclusive use of Manager, and Manager is situated opposite the 3rd & 4th spaces

also has a double garage plus more storage that behind an automatic opening garage door.

Top left hand side pic is looking down onto private Patio area from open plan air conditioned living. Above is part of the very practical St.Steel Kitchen (can be hidden behind opaque sliding doors), at left main bathroom.

Make no mistake, this Management Rights is unique. It will not suit everyone, but an experienced business person with the ability to deal and communicate with professional and business people will see huge potential to build the net income from the business as the economy changes and the space can again be "pitched" to the Business & Professional community which is the market it was purpose built for.  Added to that, the residence will impress even the fussiest of buyers. The convenience the location offers is the "icing on the cake". A unique opportunity for the right person. . . . .Remember, minimum garden and outdoor work and no swimming pool. Financial information including current nett figures, future projections and the split up of the overall price for residence and business is available on signing a confidentiality agreement. Please contact Terry.

Managers office is large, has door to covered & tiled Vestibule leading from Common area (for all business enquiries), and a 2nd doorway on right hand wall gives internal access from the Managers residence. No need for tenants or tradespeople to enter into the privacy of your home.