Sippy Downs, Queensland

SUNSHINE COASTS BIGGEST PERMANENT WITH NET OVER $1.1M | Resort Brokers ID : MRB008206

$7,995,000

Business Description

ResortBrokers presents an outstanding opportunity to secure a closeknit portfolio of established management and letting rights in a blossoming region of the Sunshine Coast, close to key amenity, transport and education. This lucrative compilation of permanent let apartments is a genuine business-only that required no real estate to buy, and offers a verified net profit exceeding $1.1m.

- Combination of 2 and 3 bedroom apartments
- Verified net profit from industry specialist accountant of $1,152,885 p.a.
- Substantial Body Corporate salary of $553,549 p.a.
- No real estate to own and no requirement to live on-site
- No set office hours in Agreements
- Current management in place that can be retained with the business
- 25 year Caretaking and Letting agreements with long tenure remaining
- Multiple office spaces & various storage rooms all under Occupational Authority
- Facilities include swimming pools & BBQ areas, gym, secure parking & visitor bays.
- All inspections by appointment only

Date updated: 21 Jul 2024 23:00:09

Business Summary

Business Snapshot

Price: $7,995,000 Net Profit: $1,152,880 Remuneration / Body Corp Salary: $553,549

Managers Unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 423Total Units in Letting Pool: 298Owner Occupy Units: 100Outside Agent Units: 24Agreement Term Remaining: 25 years
Marketing Agent
Listing location

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