Southport, Queensland

Large net profit in the heart of Southport | Resort Brokers ID : MR006995

$2,225,000

Property Description

Over 57% of the income is derived from the Body Corporate Salary, with 23 years remaining, newly topped up agreements and well-maintained. Systems in place handed over from good management and all the ground work has been completed.



  • 23 years remaining

  • Spacious three bedroom newly renovated manager's unit

  • Ample storage and all on title

  • Large dedicated office on title

  • Large net profit

  • Over 57% of the income is from body corporate salary

  • Well maintained with good systems in place for gardens

  • Resort-style facilities

  • Recently painted complex

  • Property inspections are by appointment only

Date updated: 08 Dec 2021 09:09:45

Property Summary

Business Snapshot

Price: $2,225,000 Net Profit: $252,388 Remuneration / Body Corp Salary: $145,482

Managers Unit

Value of Managers Apartment: $750,000Bedrooms: 3Bathrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 109Total Units in Letting Pool: 55Holiday Units: 55Owner Occupy Units: 37Outside Agent Units: 17Agreement Term Remaining: 23 years
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