Biggera Waters

For sale

$1,545,000

Water Front Holiday Management Rights with $240K Net Income

Water front holiday Management Rights with $86K Body Corporate salary and more than $158K other income. Located at a quiet street at Biggera Waters, close to Harbour Town shopping Centre, Runaway Bay Sport Centre and 5-10 minutes walking distance to local shops, restaurants and a supermarket. Public transport is nearby.

A full-time staff are currently employed to live onsite with flexible working hours on the agreement.

Manager unit:

- 3 bedrooms 2 bathrooms apartment with 1 underground car park

- Master bedroom with ensuites and air-conditioner

- Tiles flow through living area to a relaxing balcony overlooking water, pools and garden

- Office on title with a formal reception counter and internal access to the manager unit

Complex:

- 3 walk-up with peaceful water views

- Situated just a short stroll from the beautiful Southport Broadwater

- Common used pontoon and boat ramp for all visitors and residents

- Well reputation holiday accommodation with 8.6 guest review rating

- Pet friendly

- Close to Helensville rail station and 15 minutes’ drive to Exit 62 of Pacific High Way

- Pools, spa, BBQ and tennis court for residents and holiday lovers

- Well maintained lawn and garden

Business:

- Total 65 units with 31 in the letting pool mixed up holiday and permanent letting

- Extra 2 letting properties managed outside the complex at Southport

- 17 years agreement remaining

- No requirement to live onsite in the agreement

- Net profit: $240,334

- Manager unit price: $430,000

- Business price: $1,115,000

- Total price: $1,545,000

Call for an inspection today and you won’t be disappointed!

Property Info:
  • Property ID: L1277582
  • Property Type: Management Rights