Surfers Paradise, QLD 4217
Last updated: 29th April 2019
Listing ID: 2257
- 5000.0m2 Floor area
BEST RETURN ON THE MARKET
Offering a 33 percent return on business price.
Letting of apartments only- no caretaking and no requirement to live on site
Central Surfers Paradise Highrise
34 apartments in letting pool- mix of permanent and holiday rental.
Huge upside with 90 apartments in the complex not in rental pool.
Verified net profit of $222000
Business asking price $666000
Also 2 bedroom, fully renovated apartment plus large reception area on title which must be sold together with the business 400000
Total price for business and real estate is $1066000
Note that this is a letting pool only with no body corp agreements- so the great thing is that the body corp has no 'control' over this business compared to standard 'management rights'.