There's Still Magic on the Mountain - $400K NET
There's Still Magic on the Mountain - $400K NET
There's Still Magic on the Mountain - $400K NET
There's Still Magic on the Mountain - $400K NET
There's Still Magic on the Mountain - $400K NET
There's Still Magic on the Mountain - $400K NET
There's Still Magic on the Mountain - $400K NET
There's Still Magic on the Mountain - $400K NET
There's Still Magic on the Mountain - $400K NET
There's Still Magic on the Mountain - $400K NET

There's Still Magic on the Mountain - $400K NET

$2,850,000Price Reduced

Opportunity to purchase the management rights and associated real estate to Magic Mountain, one of the Gold Coast's most iconic properties, situated high on a hill overlooking Nobby's Beach

Key Features

  • Iconic Gold Coast property – 151 apartments, 41 in onsite letting pool
  • Sizeable and CPI linked Body Corporate salary of $271,902
  • Long tenure the management agreements – 22 years plus
  • Good scope to grow business – outside agents + build holiday pool
  • Spacious 3 bedroom, 2 bathroom manager’s residence with use of 3 carparks
  • Large refurbished reception and office on title to manager
  • Considerable additional income through onsite unit sales
  • Excellent relationship with supportive body corporate committee
  • Call Alex Cook on 0467 600 610 or Todd Warner on 0438 170 763

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR005019
Property Type: Management Rights
Region: QLD - Gold Coast
Suburb: Miami
Sale Type: Management Rights - All
Net Profit: $403,085
Price: $2,850,000

Listing Agent(s)

Agent Feedback

The professionalism demonstrated by Alex throughout the sales process was very impressive. We made it clear from the outset that we wanted the sale to be as discreet as possible, and to be conducted as swiftly as possible. Despite the fact that this obviously hindered Alex's advertising options, he was able to arrange two days of back to back inspections, which produced 5 offers at asking price. We then worked with Alex to select the most suitable candidate. Furthermore, Alex worked tirelessly throughout the sales process, ensuring that the due diligence process went as smoothly as possible. We would have no hesitation in recommending Alex to anyone looking for a high level of service and a great result. Thank you Alex!  

- Brenton Brown
Building Manager,
Deepwater Point Apartments

We have recently concluded the sale of our busy holiday resort, and feel very fortunate indeed that Alex Cook of Resort Brokers was our Agent throughout this process. We started the sale process by meeting with several brokers, all of whom were very experienced and had excellent reputations, however, once we met Alex we knew that we would be in good hands through the inevitable challenges of the sales process. Alex proved to be very hard working, proactive, and resourceful. Importantly, he has excellent relationships with all key specialists in the Management Rights industry – Accountants, Valuers, Financiers, Finance Brokers and Lawyers. Without exception, all of the specialists we worked with throughout the sale process all held Alex in the highest regard, and there was always a congenial and cooperative attitude from them as we worked through the key steps in the sale. I believe that Alex was able to achieve the best possible outcome. We are grateful for his enthusiasm, his focus and his positive attitude, and would have no reservations whatsoever in highly recommending him to any Resident Letting Agent who is thinking of selling.

- Darren & Judy Ackland
Blue Waters Apartments

My experience in dealing with Alex Cook as the selling agent for Deepwater Point has been nothing short of outstanding. From the quality of marketing material, to the handling of site inspections, to the negotiation skills demonstrated whilst finalising the sale, Alex has proved himself to be an exceptionally professional and knowledgeable agent. I was particularly impressed with the constant and detailed feedback provided to me throughout the process. We felt comfortable from the start to the finish and always knew exactly what was going on, making the whole experience as stress free as possible. Alex also seems to have particularly good relationships with the various industry professionals used during the sales process, again making life a lot easier. I genuinely feel Alex had our best interests at heart at every stage, and would not hesitate in recommending him to anyone looking to buy or sell their Management Rights. Out of interest, I have gone on to purchase another Management Rights through Alex.

- Mark Fuhrmann
ex-Deepwater Point