Management Rights including Residence & Function Room

IMPORTANT NOTICE: Due to COVID-19 & social distancing rules and regulations, our team are more than happy for the inspections to be conducted via video call, or where the videos were taken, we will happily provide a video walk through upon request. We are still conducting private inspections, while making sure our staff members comply with the required health & safety measures.

Paradise Palms - Great opportunity to secure a blue chip investment in the current market, secure return, residence, equipment and huge potential to increase returns.

Ideally located in the heart of Benowa, this is complex is very close to array of Shopping Centres, Restaurants, the Gold Coast Botanical Gardens and Pindara Hospital, Schools and Transport. This is one investment opportunity not to be missed.

INCLUSIONS

1. Managers Residence – two level Villa with 2 bedrooms, 1 bathroom with DLUG.
2. Function room on separate title includes; - fully functional kitchen, views of pool, large office, assortment of seating and tables for 30 people, hairdresser and doctors’ room income. This is on its own title.

• Equipment on hand
• Hairdresser and doctors’ rooms providing additional income

BUSINESS GROWTH

There are 64 privately owned villas in the complex. Currently on-site management do not manage any rentals on site therefore there is an opportunity to increase the income by the in-house rental managements.

We understand that somewhere between 30 and 40% of the units are rented and the average rents are circa $350- $400 per week. If you choose to take on rentals then this could be an additional income you could receive on top.

Available documents for review
* Complex Bi – Laws
* Inventory
* Caretakers agreement
* Deed of Mowing
* Rates & Water Notices for both management rights and common room.
* Body corporate disclosure statement
* Letter of offer

First National commercial has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Limited Interest Pty Ltd ATF FNC Trust t/a First National Commercial toward the recipient with regard to the use of this information and all information given is given without responsibility.

Property Features

  • Outdoor Entertaining
  • Pool - Inground
  • Secure Parking
  • Tennis Court

Overview

Type Sale
Price Contact Agent
Floor Area 7977.00 m2

Inspection Time

No inspections are currently scheduled. Contact the agent to arrange an appointment.

Property Enquiry

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