Southport, Queensland

Price Reduced and Well Worth an Inspection!!

Under Contract / Offer

Business Description

Price Reduced and Well Worth an Inspection!!

Tranquility in the 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: Under Contract / Offer 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: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Prime location in a leafy and tranquil part of Southport, close to amenities such as The Broadwater, parklands, and a shopping village.
2. Gated complex with secure living experience and well-maintained facilities including a pool, BBQ, and parking.
3. No fixed office hours, long term agreements, and selected gardening paid for by the Body Corporate.
4. Spacious 2-bedroom, 2-bathroom manager's unit with easy access to pool, garden areas, and private alfresco dining.
5. Adjoining lock-up garage for added convenience.
6. Under Contract / Offer with a net profit of $81,000 and a remuneration/Body Corp salary of $67,000.
7. Managers apartment valued at $575,000 with 2 bedrooms, 2 bathrooms, and 1 car space.
8. Complex is permanent with 38 units, 12 of which are in the letting pool.
9. Agreement module is Accommodation with a term of 25 years and 23 years remaining.
10. Complex includes a pool for residents' use.

Management Rights Multiplier: 2.72
ROI Estimate: 36.82%