This walk-up property consists of 16 apartments with 14 being in the holiday let pool. Enjoys are high occupancy rate at around 80% consistent for years. This business has great repeat business and it’s location is only minutes from where all the action happens in Surfers but yet tucked away in a quite side street. Enjoy the best of all worlds in this terrific little business.
Manager’s Accom: 2 Bedrom, 2 Bathroom Apartment
Units in Building: 16 Apartments
Units in Rental Pool: 14 Apartments (2 x 1 Br; 12 X 2 Br)
Module: Accommodation
Years to Run on Agreements: 14 Yrs
Equipment: Body Corporate
Storage: Huge
Vendors Occupancy: 9 yrs
Ass Clauses Signed: Yes
Occupancy Rate: Approx 80%
Office Program: Hirum
Hours in Agreements: None
Body Corporate Salary: $21.068 (CPI)
Manager’s Apartment Price: $295,000
Business Price: $354,000
Business Net Profit: $118,000
If you have ever wanted to run a holiday complex on the Coast this is definately one for you to start your Management Rights Career. Easy run by one and great consistent business. Call now for an inspection.
Every care has been taken to verify the accuracy of the information contained in this document, but no warranty (either express or implied), is given by the agent as to the accuracy of its contents. Proposed purchasers should conduct their own investigations into all matters relating to the proposed purchase of the management rights business