Southport, Queensland
Stunning Permanent Management Rights in Southport
SOLD
Business Description
Total Nett $252,388, Asking for $1,439,000 on MR business + Manager Residence on Valuation
Prime Location
Perfectly located in the prestigious heart of Southport, a highly sought after, offering CBD and Broadwater charm
Only a short walk sea and Broadwater Park and CBD
Close to all the necessary amenities, only a short walk to Australia Fair Shopping Centre & CBD as well as all vibrant and distinctive award-winning dining, shopping, beauty, health & wellbeing precinct and a wide array of amenities, everything is only moments away.
Resort-Style Complex
Well-appointed apartments building situated in one of Southport's most desirable complexes. Residents will relax and entertain at the spectacular pool & recreation area. Across the street is the seafront boardwalk and a short walk to Broadwater Parklands. At the door is the restaurant, cafe and bar precinct of Southport. Good rental and very popular for renters, since so close to all the public transport this makes it ideal for the city lifestyle for tenants.
Long agreement 22+ years left on a 25 years accommodation module
Well established and Very well run complex, all procedures documented
Good subcontractors in place for caretaking works, gardening and cleaning
Large Body Corporate Salary of $145,482 with annual CPI increase every April
Well-presented on title office on ground floor, commercially connecting with main street
Modern and spacious manager residence - Large and Fully Renovated
Three bedrooms, two bathrooms, lounge/dining room, kitchen, laundry and a good balcony, comfortably suits all your family's needs; Fully refurbished home offers new kitchen, new baths/toilets, new aircons, new fabric curtains, new floor - Just a new home for you!
The Profit and Loss Statement was prepared by Industry Specialist accountants
The Manager Residence is being valued by Industry Specialist Valuers
Come on in and reap the rewards that this fantastic offering has to offer.
This is the Goldilocks complex, offering a great lifestyle and solid business. Just Right!
Business Summary
Key Investment Insights
1. Prime location in the prestigious heart of Southport, highly sought after for its CBD and Broadwater charm.
2. Short walking distance to the sea, Broadwater Park, CBD, and a wide array of amenities.
3. Well-appointed resort-style complex with a spectacular pool and recreation area.
4. Close proximity to restaurants, cafes, and bars, making it popular for renters.
5. Long agreement of 22+ years left on a 25-year accommodation module.
6. Well-established and well-run complex with documented procedures.
7. Good subcontractors in place for caretaking, gardening, and cleaning.
8. Large Body Corporate Salary of $145,482 with annual CPI increase.
9. Well-presented on-title office on the ground floor, commercially connecting with the main street.
10. Modern and spacious manager residence with three bedrooms, two bathrooms, and a balcony.
11. Fully renovated with new kitchen, baths, aircons, fabric curtains, and flooring.
12. Profit and Loss Statement prepared by industry specialist accountants.
13. Manager residence being valued by industry specialist valuers.
14. Great lifestyle and solid business opportunity.
