Built in 2004 by the Sunland Group this prestigious waterfront residential-only highrise building is located on the Golden Mile at Labrador. It offers 22 levels of luxury living and sleek open spaces with floor to ceiling windows and generous balcony areas to take advantage of the wonderful views over the Broadwater, out to sea, and towards the Surfers Paradise skyline.
Impressive resort-style facilities include 25-metre heated pool, spa, sauna, steam room, fully equipped gymnasium, residents lounge, barbecue area, reflection pool, and community garden. The building is fully secure with boom gates and underground parking.
Stunning managers residence fitted out to the highest standard comprising superb kitchen with integrated appliances, open-plan living area, 2 bedrooms, 2 bathrooms, separate laundry, 2 car spaces and 2 storage cages. There is a large wrap-around courtyard for outdoor living. Absolute quality throughout.
Generous Body Corporate Salary of over $178,000 + GST per annum and Accommodation Module agreements through to April 2049 ensure security of income. Apartments are to an extremely high standard with demand high and vacancies rare. This building is very manageable by a couple so there is ample time to take advantage of the lifestyle on offer with the Broadwater across the road, parks and walking tracks close by, and dining and entertainment options within easy walking distance.
Residential complexes of this calibre are seldom available and the sale of this business creates an incredible opportunity to acquire a permanent management rights business with the benefits of what is undoubtedly a quality building in a sought-after location. If you are seeking a luxurious lifestyle building, this business definitely warrants your inspection.
Net Profit $229,033 per annum
Property Code: 1235
