Resort Style Apartments

$1240000

Surfers Paradise | Holiday Apartments

We are excited to present this holiday resort in the heart of Surfers Paradise! Prime location with full resort facilities, positioned close to all Surfers Paradise has to offer from the incredible beaches,shopping centres, boutiques and renowned cafes and restaurants. Cannes Court Apartments has 44 spacious and fully self contained apartments, complete with kitchen, bathroom and laundry.

The business has a nett figure of $112,000 per annum for 12 permanent lettings and a body corporate salary of $80,859 inc GST per annum (due for 7.2% increase in August to $84,518). Accommodation module with 19 years left of term.

Management unit with 2 bedrooms, 2 bathrooms, 2 car spaces with a large patio plus a 1 bedroom self contained unit.

Combined could be rented at $700 per week and $450 per week respectively.

Nett profit $112,000 | Real Estate $910,000 | Business $330,000

Total Purchase Price $1,240,000

Contact Lyn at 1Agency for further details

Manager Unit

  • 2 bedrooms
  • 2 bathrooms
  • 2 car spaces

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