Coorparoo, Queensland

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

$2,288,018

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: 15 Sep 2021 23:00:07

Property Summary

Business Snapshot

Price: $2,288,018 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
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