Scarborough, Queensland

Permanent Business Only - Absolute Beachfront with Strong Net Profit over $240k | Resort Brokers ID : MR008366

Under Contract / Offer

Business Description

Exceptional management rights opportunity located right on the stunning Scarborough waterfront. This impressive 131 apartment complex offers a high net income and a substantial body corporate salary. With no requirement to reside onsite, this is the ultimate investment for savvy managers and can easily be managed by one person.

Business Price: $1,250,000
Office Price: $100,000
Total Price: $1,350,000

- Permanent business only – High net profit over $242k
- No office hours – No unit to buy
- Solid BC salary - $212,923 - Over 88% of total income
- Modern apartments with a small letting pool to manage
- Podium-level swimming pool with gardens and outdoor seating
- Ground-floor office on title to purchase – $100k
- Easily managed by one person
- Perfect add-on for a local operator or newcomer to the industry
- Beautiful bayside location close to cafes, restaurants, transport, and amenities
- Inspections by appointment only
Date updated: 12 Jan 2025 22:00:06

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $242,277 Remuneration / Body Corp Salary: $212,923

Managers Unit

Value of Managers Apartment: $100,000Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 131Total Units in Letting Pool: 14Owner Occupy Units: 114Outside Agent Units: 3Agreement Term Remaining: 17 years