$1,700,500 MR & $775k Unit = Total $2,475,500Contact Agent For Address
Contact Agent For Address Miami QLD 4220
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Where Hospitality Meets Profitable Waves, Surging with Over $377k in Net Profit!
Nestled in the heart of the highly coveted North Burleigh suburb.
Strategically positioned, the property offers unparalleled convenience, with boutique shops, supermarkets, artisanal breweries, quaint cafes, and top-tier dining options all within a leisurely stroll. Surfers will delight in the proximity to Burleigh Point, renowned for its world-class waves. Additionally, the forthcoming light rail extension will enhance accessibility, with a station conveniently located at the doorstep, further enhancing the resort's allure.
Comprising 3 contemporary levels, the complex comprises 72 units, 38 dedicated to holiday letting. The remaining units are occupied by owners, outside agents, (with 16 outside to get back in the letting pool) and the manager's residence, which boasts recent renovations, including a brand-new kitchen and flooring. The manager's quarters offer a haven of tranquility, complete with spacious living areas, two bedrooms, two bathrooms, and a private verandah.
Beyond the accommodations, guests are treated to resort-style amenities, including a heated pool, spa, and alfresco dining area nestled amidst lush, low-maintenance gardens. The renovated reception area, equipped with an attached office, provides a welcoming first impression, with undercover access for arriving guests.
With the manager required onsite during office hours, there's ample opportunity for seamless operations, with the potential to further maximize revenue streams by renting out the manager's unit. Riding the wave of a booming domestic travel market, the business has witnessed robust performance, boasting a commendable net profit exceeding $377k in the past year.
The complex presents an enticing proposition for savvy investors seeking a turnkey opportunity. With the option for offsite residency, flexible agreements, and the potential to convert units currently leased through outside agents, this is an ideal venture for solo operators or seasoned industry professionals looking to bolster their portfolio with a lucrative, hassle-free endeavor.
Property Details for Contact Agent For Address, Miami
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About Miami 4220
The size of Miami is approximately 3 square kilometres. It has 13 parks covering nearly 33.4% of total area. The population of Miami in 2011 was 6,364 people. By 2016 the population was 6,817 showing a population growth of 7.1% in the area during that time. The predominant age group in Miami is 30-39 years. Households in Miami are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Miami work in a professional occupation. In 2011, 53.8% of the homes in Miami were owner-occupied compared with 55.5% in 2016.
Miami has 4,870 properties.
There are currently 59 properties listed for sale, and 19 properties listed for rent in Miami on OnTheHouse. According to CoreLogic's data, 198 properties were sold in the past 12 months in Miami.
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