General Description
Very well maintained 32 apartment block with a mixture of studio and one and two bedrooms. Has a pool and b.b.q. area. Adequate parking and comes with a fully self contained two bedroom residence. Currently maintaining a 70-75 % occupancy rate. Comes with 25 yr management rights. Asking price $700,000 and the managers residence and office asking price $300,000. Also available other units to purchase returning about 7 -8% return
Potential
Can be redeveloped and freehold can also be purchased for $6m
Features
Beautiful position. Close to all amentities and large shopping centres. Also close to Broadwater and beaches. All units in good condition.
Premises
This property has an area of 3500 sq. mts.
Location
Situated on the beautiful Gold Coast and close to all the tourist attractions.
Trading Hours
7 days - Mon-Fri - 8.00a.m. to 6pm - Sat - 8.30 to 5pm - Sun - 8.30 to 1pm
Lease
Not applicable.
Employees
One owner operator and 1 employee. Suit husband and wife operators
Comments
An excellent opportunity to obtain a relaxing lifestyle and a good business opportunity as well . Owners wife would stay on if required.
|
| Weekly Takings |
$8,653 |
| Cost of Goods |
$ |
| Gross Profit |
$ |
| Rent |
$ |
| Wages |
$ |
| Outgoings |
$ |
| Telephone |
$ |
| Insurance |
$ |
| Electricity |
$ |
| Gas |
$ |
| Misc 1 |
$ |
| Misc 2 |
$ |
| Total Expenses |
$ |
| Nett Profit |
$3,846 |
Price |
$1,000,000 |
Estimated Stock |
|
| (Additional) |
Equipment |
|
| (Included) |
|
