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Management Rights Resort and Conference Centre - Tweed Heads

The complex opened in 2008 features two towers comprising of 160 apartments, a large heated saltwater pool, spa, BBQ Pavilion, Convention Centre, and onsite public fitness centre . Acommodation consists of one ,two and three bedroom fully self contained apartments with spacious living areas, gourmet kitchens, full laundry facilities air conditioning and large shuttered balconies, with breathtaking views from higher levels apartments to harbour/river and ocean, Hinterland or over Coolangatta looking over bay to Surfers Paradise.
  • Conference Centre Asking Price is $1m inclusive of approx $500k plant and equipment and forward bookings
  • Management Rights and Apartment $4,989.000
  • Client may consider retaining a shareholding or suitable trade options
 

Property Facts

Location: Tweed Heads/Coolangatta Reference Number: 40
Building Type: High Rise Agreement: 20
Build Year: 2008 Commenced: 2008
Rating: AAA 4.5 star Years Remaining: 18
Total Apartments: 160 Net Profit: $810,000 
Letting Pool: 131 Managers Unit Price: $590,000 
Owner Occupiers: 19 Management Rights Price: $3,910,000
Lockups 4 Total Price: $4,550,000 
Outside Agents: 5 Salary: $175,500
Other:      
Managers Unit: 2 bedroom 2 bathroom with 6 car parks on title    
Number of Bedrooms: 2    
Number of Bathrooms: 3    
Carparks: 6    
Storage: Yes    
Pets: No    
       
Office: Hotel Style Reception and large back offices on title    
Other:      
Facilities: Heated Pool and Spa, Gym and Conference Centre    

Agent Details

Listed by: Glenn Millar
Mobile: 0412 277 804
Phone: (07) 3878 3999
Email: Email Agent

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The Conference Facility which opened in February 2010 offers two dedicated rooms catering for most types of functions, weddings and corporate seminars. The Conference facility has a full fit out and state of the art audio visual equipment and a fully equipped commercial kitchen. The fit out value alone was over $500,000 Strong repeat and return leisure and coprate client base

 

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From the 1st of January 2010 a copy of the Sustainability Declaration for this property will be available from the Agent.

Disclaimer
Every care has been taken to verify the accuracy of the information contained in this document, including photo's and artists impressions , but no warranty (either express or implied) is given by the agent as to the accuracy of it's contents. Proposed purchasers should conduct their own investigations into all matters relating to the proposed purchase of the real estate and associated management rights business.