Southport, Queensland

Leafy Part of Southport!!!

$822,500

Business Description

Leafy Part of Southport!!!

This gated complex in a prime location exudes serenity and peace surrounded by a well-maintained and a secure living experience. Situated in the leafy part of Southport yet in close proximity to The Broadwater and parklands, and the renowned Chirn Park Shopping Village, with its mixture of restaurants, shops and cafes. Transport is also right on the doorstep!

The complex facilities include: outdoor pool, BBQ, secure underground and lock-up garage parking. Images might not depict this complex.

Also on offer: no fixed office hours, long term agreements and selected gardening paid for by the Body Corporate. Council takes care of the commercial refuse bins.

A very spacious 2-bedroom 2-bathroom manager’s unit, lounge and dining area with a fully equipped kitchen, allowing easy access to the pool, garden areas and private alfresco dining. An adjoining lock-up garage.

To arrange an inspection please call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: $822,500 Net Profit: $81,000 Remuneration / Body Corp Salary: $67,000

Managers Unit

Value of Managers Apartment: $575,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Pets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 38Total Units in Letting Pool: 12Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesBBQ Area: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Prime location in a leafy part of Southport, close to The Broadwater, parklands, and a popular shopping village with restaurants, shops, and cafes.
2. Gated complex with a secure and well-maintained living experience.
3. Complex facilities include an outdoor pool, BBQ, and secure parking.
4. No fixed office hours and long-term agreements.
5. Selected gardening paid for by the Body Corporate.
6. Spacious 2-bedroom, 2-bathroom manager's unit with easy access to pool, garden areas, and private alfresco dining.
7. Adjoining lock-up garage.
8. Net profit of $81,000 and remuneration/Body Corp salary of $67,000.
9. Manager's apartment valued at $575,000 with 2 bedrooms, 2 bathrooms, and 1 car space.
10. Complex type is permanent with 38 units and 12 units in the letting pool.
11. Accommodation agreement module with 25 years remaining.
12. Complex amenities include a pool and BBQ area.

Management Rights Multiplier: 3.06
ROI Estimate: 32.73%