Units 601 and 603 are north facing 1 bedroom (2 double beds in each)
Adjoining units at the 41/2 star Holiday Inn international resort
- Strata titled individual holiday units currently not in Holiday Inn rental pool, which is at the discretion of the owner.
- Ocean views from these 6th floor units
- Balcony views over the V8 Race Track
- These units come fully furnished including plasma TV, 2 double beds and marble ensuite in each.
- Room size 36m2
- The building was refurbished in 2007 at a cost of $15million.
- The Holiday Inn is located in the heart of Surfers Paradise and an easy walk to patrolled beach, caf, restaurants and boutiques.
- Resort facilities inc:- gym, pools, spa, tennis court, day spa facilities, conference rooms, restaurant, cafe’ etc
- 24 hour check in
- Security
- Undercover parking
- Investment potential to Nett approximately $23,000 p.a after all expenses as per 2008 financial information supplied to us.
Current costs approx:- per week per Unit
COUNCIL RATES – $ 2454.04 = $ 47.20 pw
BODY CORP – $ 3247.83 = $ 62.45 pw
Income
As we are not in the rental pool we supply the following 2008 gross rental income figures as supplied to us.
Unit 601 ( Lot 602 ) – $ 36,962.00 less Rental Management fees = $ 16,670.00
Unit 603 ( Lot 603 ) – $ 36,617.00 less Rental Management fees = $ 16,514.00
Council rates and Body Corp have increased since 2008 and we expect the gross earnings have as well.