South Brisbane, Queensland

Two Southbank complexes

$3,410,000

Property Description

There are two MR nearly next to each other Fish Lane and SW1
There are several BC and the total income is in excess of $420,000
You need to buy the managers unit but it is not required to live on site
This is in a high rental area and nearly all the work is done by the managers with a part time receptionist whos wages are an expense in the P&L If you are looking for a large MR close to South bank etc., this is the one for you MR of this size rarely come up. price is negotiable.

Managers Unit $620,000
Office $180,000
Business $2,610,000
Total $3,410,000
Income $ 421,482

Please contact Robert Collins on ---------- or ---------- the first instance.

Property Summary

Business Snapshot

Price: $3,410,000 Net Profit: $421,482 Remuneration / Body Corp Salary: $230,670

Managers Unit

Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 145Total Units in Letting Pool: 72Holiday Units: 72Owner Occupy Units: 49Outside Agent Units: 19Lockup Units: 3Agreement Term Remaining: 20 years
Marketing Agent
Robert Collins
Robert Collins

RAAS Property Group

RAAS Property Group

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

1934ML - GREAT MOTEL LEASE WITH VENDOR FINANCE OPTION
LEASEHOLD SALE - Wattle Grove Motel, Maryborough VIC - 1P0128
Rare freehold opportunity in the Byron Hinterland with DA approvals in place! | Resort Brokers ID : FH007246
Beachfront business with growth galore, incredible residence and lifestyle  | Resort Brokers ID : MR007248
MOTEL WITH AWESOME VIEWS, TOWNSVILLE CITY
Melbourne Caretaking Only Opportunity at Two Modern Complexes | Resort Brokers ID : MRC007247
NEW FARM & KANGAROO POINT BUSINESS-ONLY MLR WITH $280K NET | Resort Brokers ID : MRB007240
Passive Investment opportunity with approved DA of 105 rooms, in prime location | Resort Brokers ID : INV007238
Ideal Add-On! Two Premium Caretaking Only Complexes in West Melbourne | Resort Brokers ID : MRC007245
Award winning Quest Franchise with long lease and solid performance | Resort Brokers ID : LH007181
consistent performing holiday business + lifestyle in prime coast location | Resort Brokers ID : MR007230
Business For Sale - Caretaking Only - Sunshine Coast - ID 9056 BL
Two Business Only Management Rights in the Inner Western Suburbs of Brisbane | Resort Brokers ID : MRB007237
THE BIGGEST AND BEST REGIONAL ACCOMMODATION PROPERTY AND CONVENTION CENTRE | Resort Brokers ID : FH007221
First time on the market, freehold caravan park | Resort Brokers ID : FH007201
Rare management rights opportunity-no office hours and minimal caretaking duties | Resort Brokers ID : MR007236
2047ML - A CRACKING MOTEL THAT CONTINUES TO GROW
1994MF - CONSISTENTLY PROFITABLE, EASY TO RUN FREEHOLD MOTEL