FOR SALE
$16,500,000

Contact Agent For Address
Coolangatta QLD 4225

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1m2
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$16.5 Million Beachfront Giant with 2 Luxury Ocean View Units - ID 9140

Mixed Management Rights for Sale
Over $2 Million Net Operating Profit & Includes 2 Retail Offices
- Seize this once-in-decades opportunity to live your best life and earn substantially.
- Enjoy super high body corporate salaries totaling $638,175 plus GST, with CPI adjustments.
- Benefit from more than $2 million in net operating profit.
- Secure 25-year-long agreements, with 17 to 18 years remaining.
- Relish beachfront ocean views from modern, deluxe, high-quality buildings.
- Manage a total letting pool of 87 units, including 86 holiday rentals and 1 permanent rental, with 2 lockups, 10 managed by outside agents, and several owner-occupied.
- Achieve a 92% occupancy rate, significantly exceeding the 67% Gold Coast average.
- Rely on more than 15 years of solid foundation laid by the current management team, ensuring everything is in perfect order and operation.
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Property Details for Contact Agent For Address, Coolangatta

Building Type
Commercial
Floor Size
1m2

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About Coolangatta 4225

The size of Coolangatta is approximately 1.8 square kilometres. It has 8 parks covering nearly 16.5% of total area. The population of Coolangatta in 2011 was 5,192 people. By 2016 the population was 5,959 showing a population growth of 14.8% in the area during that time. The predominant age group in Coolangatta is 60-69 years. Households in Coolangatta are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Coolangatta work in a professional occupation. In 2011, 44.9% of the homes in Coolangatta were owner-occupied compared with 48.2% in 2016.

Coolangatta has 6,066 properties.

    There are currently 60 properties listed for sale, and 52 properties listed for rent in Coolangatta on OnTheHouse. According to CoreLogic's data, 249 properties were sold in the past 12 months in Coolangatta.

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    Contact agent
    Bill He
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    Management Rights Sales Pty Ltd
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    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.