Southport, Queensland
Permanent Caretaking and Letting!!!
$300,000
Business Description
Permanent Caretaking and Letting!!!
A nearly new 7 storey high complex in Southport. Located close to Southport's bustling shopping and business district, this complex offers unparalleled convenience with everything you need just a short distance away.
The nearby Brickworks on Ferry Road provides not only excellent shopping options but also a selection of exceptional cafes and restaurants for your dining enjoyment. Enjoy hassle free connections to Southport CBD, Main Beach, Surfers Paradise, Gold Coast University Hospital and Griffith University using the G: Link, the light rail system.
With this complex there is no pool to clean and minimal cleaning and gardening required. Images might not depict this complex.
Ideally suited to a current management rights operator who is looking for a bolt-on opportunity.
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: $300,000
Net Profit: $56,600 Remuneration / Body Corp Salary: $36,600
Complex Information
Complex Type: CaretakerTotal Units in Complex: 27Total Units in Letting Pool: 6Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsBBQ Area: Yes
Key Investment Insights
1. The business is located in a highly convenient and sought-after area, close to shopping, dining, and business districts.
2. The complex is relatively new and well-maintained, with minimal cleaning and gardening required.
3. The business is ideally suited for a current management rights operator looking for a bolt-on opportunity.
4. The price for the business is $300,000, with a net profit of $56,600 and a remuneration/body corp salary of $36,600.
5. The complex is a caretaker type with 27 units in total and 6 units in the letting pool.
6. The agreement module is accommodation and has a remaining term of 23 years out of 25 years.
7. The complex also features a BBQ area for residents' enjoyment.
8. The business is currently managed by Gavin, who can be contacted for inspections.
9. Prospective buyers should conduct their own enquiries to verify the information provided.
