Southport, Queensland

Excellent coastal Location - Not Required To Live Onsite

Offer From $950,000

Property Description

• Motivated Vendor, keen to sell for retirement
• 92% Investor owners in the letting pool, managed by the current owner
• Not required to live onsite
• Ideal for bolt-on, single operator, semi-retired and the first manager
• Neat and easy caretaking
• Long agreement with 21 years remaining
• Excellent location, walk to Australia Fair, parks and Broadwater beach just cross the road

Property Summary

Business Snapshot

Price: Offer From $950,000 Net Profit: $97,230 Remuneration / Body Corp Salary: $38,248Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $494,000Bedrooms: 2Bathrooms: 1Car Spaces: 1Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 27Total Units in Letting Pool: 25Permanent Units: 25Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: Yes
Marketing Agent
Greg Yang
Greg Yang

Jodi Shore
Jodi Shore

Onsite Management Rights

Onsite Management Rights

Listing location
Gallery

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