In a nutshell (About this Management Rights)

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

Brilliant location close to everything

Independent Licenced Real Estate Agent 07) 5594 1282 or 0403 050 255 (Terry)  or 0403 382 046 (Mei)       Fax 07) 5594 1292

Business can be improved by "hands on" new on-site manager

Excellent income for modest Investment

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

Home Office : 52 Hickey Way Carrara QLD Gold Coast  4211

About Terry

. . . . a fabulous choice for a better lifestyle - work from home!

Indy track location 50 metres from the Beach. Now - $699,000 A fabulous Surfers Paradise address just a few paces away from the heart of "all of the action" - Easy to sell holiday spot!

Buying Enquiries

Sellers Information

Contact Terry

Home

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

Being one of the earlier mid rise Holiday buildings in Surfers (approx 30yrs old), all of the Units are quite spacious. There is a total of 34 Units in the Building with 17 in the Letting Pool. There is potential to build on this as 9 are with outside agents, 1 lock-up  and only 6 onsite owners. There is a ground floor separate office, although no set office hours (unusual for a holiday building) Owners Unit is also on the ground floor.

There is a mix of partly renovated, totally refurbished (see new kitchen above) and original condition Units. In recent times the Manager has lived "off site", worked part days and had an onsite deputy manager. This is obviously not the best way to operate a holiday building and there must be enormous potential for a "hands on" Management Couple to build the business.    The Body Corporate agreement is a 20 year term, still with 16 years to run. All Units are 2 bedroom 1 bathroom with balconies and there is underground security parking.  Easy to care for grounds. The office is quite comfortable to work from and there is also good potential to build income from tours.

The group of photos above and to the right are of the Managers ground floor 2 bedroom Unit. One very large bedroom could be split into 2 to create a total of 2 beds plus study or 3 bedrooms. There is a private terrace across the rear which further opens out to the Buildings Lawn, garden and Pool area. The Unit is about halfway through a makeover and for a relatively small amount could be further improved to be very comfortable. This would be recommended especially for new "living on site" Managers. The office is just 5 paces away and an "as new" unit will make the overall package very attractive indeed.

This superbly located building will offer an excellent income for a 2 people management team and as stated there is considerable potential to further build the business. A top class offering at well under a million dollars. Was $750,000 , reduced 21st July 2008 to just $720,000 . Further reduced 24th July 08 to $699,000- Don't miss the opportunity to check out this standout property. Can't possibly last with asking price this low and showing a 6 figure income. You will need to act quickly. Note: As at end of Sept 08 , UNDER CONTRACT, Sold by Terry

The actual site is quite large and may offer re-development potential in years to come by amalgamating with adjoining sites.

Financial Information is available on signing a confidentiality agreement. Please contact Terry.