Southport, Queensland
A Permanent Package – Central Southport!!
Under Contract / Offer
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: Under Contract / Offer
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. The business is located in a highly sought-after area in Southport, with easy access to public transportation, shops, restaurants, and other amenities.
2. The complexes are relatively new and well-maintained, offering modern and sophisticated living.
3. The complexes are in close proximity to excellent schools, restaurants, and recreational facilities.
4. The business has a strong net profit of $240,000 and a remuneration/body corp salary of $114,200.
5. The complex has a total of 86 units and 40 units in the letting pool, providing a steady stream of income.
6. The agreement module is accommodation, providing stability and security for the business.
7. The agreement term is 25 years, with 24 years remaining, offering long-term potential for the business.
8. The complex has additional amenities such as a gym, BBQ area, and function facilities, providing added value for tenants.
9. The business has a strong reputation and high occupancy rates, making it a desirable investment opportunity.
10. The location and features of the complexes make it an attractive option for both tenants and potential buyers.
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