Listing #:4497293079
Management Rights For Sale – Southern Cross Apartments, Burleigh Heads
| Location: | Auckland City, Auckland |
|---|
Significant Property, Ocean Views, Beachside Lifestyle, 500k Profits
The Southern Cross Holiday Apartment complex is located at the popular and sought after Burleigh Heads beach front. The property is located along ‘The Esplanade’ with easy beach access and glorious ocean or hinterland views from all 60 apartments.
The property will also be accessible by light rail with the new extension from Broadbeach to Burleigh Heads.
The Managers Unit
A spacious and private apartment with 2 bedrooms, 2 bathrooms, living, dining kitchen, and direct access to the garden. The managers own the reception and office area, plenty of storage and a lock up car port for 1 car, which forms part of this sale and are on title. The managers apartment is separate from the reception, located on the ground floor and has ocean views.
Management Rights
The management rights owners income is composed of holiday booking income, long term rental management commissions and building managers pay.
Business Model | 30 2 bedroom and 2 bathroom apartments in mixed letting pool with room for expansion. A significant level of repeat business that lets you save on bookings commission.
Complex | Easy maintenance complex. Including a heated outdoor swimming pool, spa, gym, two tennis courts, library area, and secure underground parking. A healthy sinking fund of over $800,000 and a great upgrade program in the pipeline. The property has an excellent and productive body corporate committee.
- Fixed Income | An impressive $100,000+ Body Corporate Salary as fixed income
- Term Remaining | Slots of 10 year terms
- Net Profit| AUS$500,000
- Price | AUS$3,300,000 (Managers Apartment:$1,300,000, Management Rights; $2,000,000)
- Selling as the long term managers intend to retire
For more information, please contact our specialist Management Rights Broker, Dilan De Silva on 04 26653774.
Please register on www.tourismproperties.au, navigate to the Documents tab on this listing, and request access to the confidential information.
Agency reference #: 65498
The Southern Cross Holiday Apartment complex is located at the popular and sought after Burleigh Heads beach front. The property is located along ‘The Esplanade’ with easy beach access and glorious ocean or hinterland views from all 60 apartments.
The property will also be accessible by light rail with the new extension from Broadbeach to Burleigh Heads.
The Managers Unit
A spacious and private apartment with 2 bedrooms, 2 bathrooms, living, dining kitchen, and direct access to the garden. The managers own the reception and office area, plenty of storage and a lock up car port for 1 car, which forms part of this sale and are on title. The managers apartment is separate from the reception, located on the ground floor and has ocean views.
Management Rights
The management rights owners income is composed of holiday booking income, long term rental management commissions and building managers pay.
Business Model | 30 2 bedroom and 2 bathroom apartments in mixed letting pool with room for expansion. A significant level of repeat business that lets you save on bookings commission.
Complex | Easy maintenance complex. Including a heated outdoor swimming pool, spa, gym, two tennis courts, library area, and secure underground parking. A healthy sinking fund of over $800,000 and a great upgrade program in the pipeline. The property has an excellent and productive body corporate committee.
- Fixed Income | An impressive $100,000+ Body Corporate Salary as fixed income
- Term Remaining | Slots of 10 year terms
- Net Profit| AUS$500,000
- Price | AUS$3,300,000 (Managers Apartment:$1,300,000, Management Rights; $2,000,000)
- Selling as the long term managers intend to retire
For more information, please contact our specialist Management Rights Broker, Dilan De Silva on 04 26653774.
Please register on www.tourismproperties.au, navigate to the Documents tab on this listing, and request access to the confidential information.
Agency reference #: 65498
Business buyer’s checklist
Asking price: $3,300,000
Listed: Tue 2 Jan, 11:07 pm
Dilan De Silva
Tourism Properties - Christchurch
-
Contact details
- (61) 426653774
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Agent's details
Dilan De Silva
- (61) 426653774
Tourism Properties - Christchurch
Expires: Mon 29 Apr, 10:32 am
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