South Brisbane, Queensland

350k Net Profit Perfect River View in South Brisbane

SOLD

Business Description

• Motivated Vendor, priced to sell.
• Absolute high performer, netting over $350k
• Solid body corporate remuneration over $101k per year
• Very strong rental demands for permanent and short term lettings
• Growth potentials for letting and property sales.
• Perfect location with Brisbane river view.
• Central to everything, Brisbane CBD only a few km’s away
• In Brisbane State High School catchment
• 1 bedroom Manager unit with office on title, asking $350,000 only.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $351,483 Remuneration / Body Corp Salary: $101,064Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $350,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 67Total Units in Letting Pool: 21Owner Occupy Units: 33Agreement Module: AccommodationAgreement Term Remaining: 18 yearsPool: YesTennis Court: YesBBQ Area: Yes

Marketing Agent

CeCe Chen

0450 45....

Onsite Management Rights

Key Investment Insights

AI generated. Confirm details with the seller.

1. The business is priced to sell and the vendor is motivated to sell.
2. It is a high-performing business, with a net profit of over $350,000.
3. The body corporate remuneration is solid, at over $101,000 per year.
4. There is a strong demand for both permanent and short-term rentals, providing potential for growth in both areas.
5. The location is ideal, with a perfect view of the Brisbane river and close proximity to the CBD.
6. The business is in the catchment area for the highly sought-after Brisbane State High School.
7. The manager's unit is a 1 bedroom apartment with an office on title, and is priced at $350,000.
8. The complex is primarily a permanent rental complex, with 21 units in the letting pool and 33 owner-occupied units.
9. The agreement module is Accommodation, with 18 years remaining on the agreement term.
10. The complex also offers amenities such as a pool, tennis court, and BBQ area.