Back on The Market – Priced to Sell
Back on The Market – Priced to Sell
Back on The Market – Priced to Sell
Back on The Market – Priced to Sell
Back on The Market – Priced to Sell
Back on The Market – Priced to Sell
Back on The Market – Priced to Sell
Back on The Market – Priced to Sell
Back on The Market – Priced to Sell
Back on The Market – Priced to Sell

Back on The Market – Priced to Sell

$2,546,000

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, 38 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: MR005230
Property Type: Management Rights
Region: QLD - Gold Coast
Suburb: Miami
Sale Type: Management Rights - All
Net Profit: $370,000
Price: $2,546,000

Listing Agent(s)

Agent Feedback

Both my wife and I are extremely grateful to Alex and the team at Resort Brokers as it’s resulted in a satisfactory outcome and has made the whole process as stress free as the trauma of selling your Management rights can be.

- Peter and Marg Fisher SURFERS PARADISE

We also appreciated Alex's accessibility and acknowledge the personal time that he sacrificed to maintain a continuous communication channel for our queries.We will certainly recommend Alex to our friends and colleagues for that moment when they too decide to seek a different life.

- Peter and Kim Holthouse WINDSURFER RESORT

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 where 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 the 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
Vendor,
Blue Waters Apartments