Prime Position Management Rights with Development Potential
Stock Included: —
Stock Value: —
Years Est: —
Gross Revenue: —
PRICE REDUCED, owner wants this MR business sold...
Absolute beachfront with no streets to cross, magnificent views, right in the heart of Surfers Paradise. Walk to Cavill Avenue Mall, Sky Point, restaurants and the tram link.
After 30 years current owners say it's time to move on.
- 18 units with 9 in the letting pool and potential to increase.
- Long caretaker contract in place with 22 years remaining
- 1, 2 and 3 bed configuration to maximise returns
- Low maintenance block with beach side pool
- Comfortable 2 bedroom manager's residence
- Currently approx $85,000 net profit with plenty of opportunity to increase.
- Additional income generating unit available subject to negotiation
- Potential development site STCA, seeking expressions of interest.
For further details contact Russell Spurrell, Finn Accommodation Brokers. 0437 007 261