Southport, Queensland
A Permanent Package – Central Southport!!
$1,195,000
Business Description
A Permanent Package – Central Southport!!
Two reasonably new adjoining complexes and another within walking distance, all offering sophisticated CBD living. Both adjoining complexes each consist of 30 units, complete with roof top communal areas. All the complexes located near the Scarborough South light rail station and within walking distance of all CBD offices, shops, restaurants and Australia Fair Shopping Centre.
Enjoy the convenience with all these complexes of being able to walk to cafes, restaurants, delicatessens, retail shopping, chemist, medical centres, tram station, the beach, magnificent parklands and off-leash dog exercise park. Everything here is at your fingertips!
These complexes are also in close proximity to excellent Public and Private Schools, Restaurants, Yacht and Surf Clubs, and the main access routes to both Coolangatta and Brisbane.
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: $1,195,000
Net Profit: $240,000 Remuneration / Body Corp Salary: $114,200
Complex Information
Complex Type: CaretakerTotal Units in Complex: 86Total Units in Letting Pool: 40Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsGym: YesBBQ Area: YesFunction Facilities: Yes
Key Investment Insights
1. Prime location in central Southport, with easy access to CBD offices, shops, restaurants, and public transportation.
2. Three adjoining complexes with a total of 86 units, offering sophisticated CBD living.
3. All complexes are within walking distance to cafes, restaurants, shopping, medical centers, and off-leash dog parks.
4. Close proximity to excellent public and private schools, yacht and surf clubs, and major access routes.
5. Strong net profit of $240,000 and remuneration/body corp salary of $114,200.
6. Long agreement term of 25 years with 24 years remaining.
7. Facilities include a gym, BBQ area, and function facilities.
8. Potential for growth and increased income through expanding the letting pool.
9. Well-maintained and modern complexes with roof top communal areas.
10. Ideal for an owner-operator or management team looking for a stable and profitable business in a highly sought-after location.
