Southport, Queensland

Mid sized complex in the heart of Southport and 23 years remaining | Resort Brokers ID : MR006878

$1,830,000

Property Description

Rarely do you find these large 84 unit complexes on the market, with a significant net profit and 60% of the BC salary making up the net profit, with over 23 years remaining and Gallery Vie friendly? This complex will not last long on the market.



  • Very clean P&L – good scope to grow additional income streams

  • Extra net income on repairs and maintenance

  • 23 years remaining on caretaking and letting agreements

  • Professional gardener in place

  • Right in the heart of Southport

  • Large 3-bedroom manager's apartment

  • No set office hours

  • Property inspections are by appointment only

Date updated: 15 Sep 2021 23:00:07

Property Summary

Business Snapshot

Price: $1,830,000 Net Profit: $210,000 Remuneration / Body Corp Salary: $123,958

Managers Unit

Value of Managers Apartment: $610,000Bedrooms: 3Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 84Total Units in Letting Pool: 53Holiday Units: 53Owner Occupy Units: 23Outside Agent Units: 8Agreement Term Remaining: 23 years
Marketing Agent
Listing location
Gallery

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