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

Thank you Alex for the superlative effort you put in on our behalf to sell our management rights business.  We're sure that you'll agree that it wasn't without challenge from both parties but your tireless positive attitude and willingness to listen and facilitate, were key factors in the success of the process.

- Peter and Kim Holthouse WINDSURFER RESORT

Alex had our business sold within a week for the asking price. Also he had a back up offer for the same price, his professionalism and work ethics are second to none.

- Laraine & Col Fields
Previous vendors,
Emerald Village Apartments

From the time of engagement, Alex was extremely pro-active in finding the right buyer. At all times, Alex kept me updated during progression of the sale process, acted in a professional manner; sorted out any issues that surfaced during the sale and went above and beyond to ensure all parties were working effectively towards completion. Without Alex's input and assistance I am sure the sale would not have been completed in the professional manner that it was.

- Brad Marquart
Vendor,
Waters Edge on the Broadwater