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Waterfront Management Rights - Golden Beach

This complex is located in a highly sought after location on the waterfront side of the northern end of Golden Beach. The complex was fully painted two years ago and most apartments have been maintained and updated to high standards. All except on apartment has ocean views. The managers unit is very spacious and well appointed and has a private outdoor entertaining area. A portfolio of images of the managers apartment is available to interested parties

The body corporate salary has recently increased by $10k which has not been fully relected in the figures yet so thats a bonus for incoming managers.

This offering has been priced to meet the market at 4.7 times the net income representing great value for this type of asset which has increased in profitability every year for the past three years.

Another bonus is the managers have a tandem lockup garage plus another car space in the undercover car park and access to substantial storage - often missing in these complexes.

 

Property Facts

Location: Golden Beach, Sunshine Coast Reference Number: 61
Building Type: Hi Rise Agreement: 20
Build Year: 1998 Commenced: 2009
Rating: AAA 4 star Years Remaining: 17
Total Apartments: 29 Net Profit: $238,520 
Letting Pool: 21 Managers Unit Price: $0 
Owner Occupiers: 3 including manager Management Rights Price: $1,121,000
Lockups 3 Total Price: $1,661,000 
Outside Agents: 2 Salary: $50,956
Other:      
Managers Unit: Very spacious well appointed apartment    
Number of Bedrooms: 2    
Number of Bathrooms: 2    
Carparks: Tandem lockup and additional space    
Storage: Yes- Substantial    
Pets: On approval    
       
Office: On Title    
Other:      
Facilities: Heated Pool and BBQ Deck    

Agent Details

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

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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.