Coorparoo, Queensland

High net MR easily managed by 2 people in great school catchment of Coorparoo | Resort Brokers ID : MR006870

Under Contract / Offer

Property Description

Langlands Close, comprising of 90 apartments and is situated right in the heart of Coorparoo only 10 minutes to the CBD. This high net profit complex is as rare as hens teeth in the current market and is the perfect lifestyle complex in a prime position. Everything is on your doorstep.



  • Large net profit just under $300k

  • Strong and consistent letting pool of 54 units

  • 90 unit complex that is just on 21 years old

  • Amazing suburb of Coorparoo which great school catchments

  • Body Corporate remuneration of well over $155k

  • 24 years remain on accommodation module agreements

  • Property inspections are by appointment only

Date updated: 01 Dec 2021 00:00:07

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $293,003 Remuneration / Body Corp Salary: $158,566

Managers Unit

Value of Managers Apartment: $530,000Bedrooms: 2Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 90Total Units in Letting Pool: 54Holiday Units: 54Owner Occupy Units: 28Outside Agent Units: 7Agreement Term Remaining: 24 years
Marketing Agent
Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Properties

You may also like

800MF - FREEHOLD GOING CONCERN MOTEL 2 HOURS FROM SYDNEY!
2669MF - FIRST TIME OFFERED FOR SALE BIG FREEHOLD MOTEL!
25 Years Stunning Permanent Management Rights in Carrara
Solid ROI, Great BC Salary & A Grade location! | Resort Brokers ID : MR006919
High Netting $420k plus MR in the heart of South Brisbane | Resort Brokers ID : MR007030
PERFECT PERMANENT MANAGEMENT RIGHT WITHOUT PROPERTY TO BUY
Best buy Boutique freehold going concern motel | Resort Brokers ID : FH007028
CARETAKING BUSINESS IN PRIME LOCATION | Resort Brokers ID : MR007017
Central Qld Motel Lease
Business For Sale - Off the Plan Now Completed - ID 8792 BL
Launceston CBD, Award Winning AAA 4 Star 37 Room Motel, Parking, Views Coming Soon
1260MF - BIG REGIONAL CITY FREEHOLD MOTEL WITH PLENTY TO OFFER
Coastal Luxury Accommodation | Resort Brokers ID : FH007022
MODERN HIGH-RISE BUSINESS ONLY MANAGEMENT RIGHTS IN TOOWONG | Resort Brokers ID : MRB007009
this business has the perfect lifestyle balance - work a little, leisure a lot | Resort Brokers ID : MR007021
2683ML - GREAT FIRST TIME MOTEL
Cooma Hotel, VIC - 1P0095
Barham Hotel NSW - 1P0096