Waterford Court Apartments
$1,339,000
  • Waterford Court Apartments
  • 5Garages
Price Reduction - Exceptional Permanent Complex - Close To Surfers Paradise

Although located in a peaceful and picturesque residential area, this family focused complex is only a few minutes drive from Surfers Paradise. A mix of 48 townhouses and villas, this complex has been tightly held by the current managers for over 12 years. Easy to operate and providing the best possible work/lifestyle balance. With no office hours, it can't get better than this.

Located in an area that has maintained consistent and strong quality tenant demand. Many long term tenants in place and the current managers have achieved great rental returns.

Very supportive Body Corporate committee with excellent salary. The agreement is supervisory only enabling the managers to have the option to undertake caretaking works themselves (and be paid by the BC) or to supervise the BC's gardeners/cleaners to carryout the works (the BC pays the gardeners/cleaners).

Lovely 3 bed 2 bath villa with large patio and 5 car spaces! The villa includes solar power/solar hot water and the complex is pet friendly (subject to usual body corporate approval).

Close to schools, shops and transport and the Gold Coast's beautiful beaches are close by. This is an opportunity not to be missed.

Nett operating profit of $144,000.00 (based on the next 12 months of income).

- Business: $719,000.00
- Unit: $620,000.00
Total Price: $1,339,000.00

Please contact Kerrie Lush 0416 084 693 or email [email protected] to arrange an inspection.

RAAS Property Group and the listing agent have made every reasonable effort to ensure the accuracy of the information contained here and will not be held responsible for any incorrect listing information. All buyers must necessarily undertake their own due diligence investigations before relying on the same and proceeding to contract.


BUSINESS SNAPSHOT

Financials

Body Corporate Salary: $89190

Management Unit

Management Unit Price: $620000

Complex Overview

Complex Type / Module: Permanent

Total Units Inside Letting Pool: 23

Total Units in Complex: 48

Outside Agent: 3

Owner Occupied: 22

Agreement Term: 25 Years

Years to Run: 23 Years

Kerrie Lush
Kerrie Lush
Robert Collins
Robert Collins


CONFIDENTIALITY AGREEMENT GOVERNING ALL BUSINESSES LISTED WITH RAAS MANAGEMENT RIGHTS

In consideration of RAAS (being any or all of RAAS Property Group Pty Ltd and their respective business brokers) entering into discussions relating to the possible acquisition of the assets of any business(es) presented to me by RAAS, We/I hereby agree and undertake as follows:

  1. To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
  2. Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by RAAS;
  3. Not to make an approach to the Vendor of any business disclosed to me by RAAS, or the business’ staff, customers or suppliers without prior arrangement with RAAS and to refer all queries through RAAS;
  4. We acknowledge that RAAS is the introducing broker, and that all offers and deposits for the business, shares or property will be conducted through that office.
  5. If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to RAAS Property Group as the case may be;
  6. If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify RAAS against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach.
  7. That all information is received for no other purpose than the evaluation of the investment potential of the business;
  8. If I decide not to proceed with the investment, I agree to immediately return to RAAS all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
  9. the relevant Act for the State or Territory including but not limited to (Electronic Transactions Act 2000 No 8 (NSW), Electronic Transactions (Victoria) Act 2000, Electronic Transactions (Qld) Act 2001, Electronic Transactions Act 2011 (WA), Electronic Communications Act 2000 (SA), Electronic Transactions (Northern Territory) Act 2000, Electronic Transactions Act 2000 (Tas), Electronic Transactions Act 2001 (ACT)

By checking this box, you are agreeing to abide by the terms of our Confidentiality Agreement.