Southport, Queensland

HUGE UPSIDE - SUBMIT ALL OFFERS

SUBMIT ALL OFFERS

Property Description

Calling for new or experienced operators looking for significant upside and growth potential.
The owner has request to submit all offers as retirement calls.
- 94 Unit complex in Southport
- 51 Units in letting pool. 13 Holiday/ 38 Permanent
- All units are 1 bedroom studios (less owner occupiers)
- Super attractive for investors with low unit values generating solid yields (Average unit value circa $200,000)
- 25 Year accommodation module
- Managers residence contains 2 bed, 2 bath and 2 carparks (Only $395,000 total)
- Body corporate remuneration of $115,000
- Manageable grounds to maintain (Medium Rise Apartment Complex "With Lifts")
Call Charles Nurse today for more information or to arrange a viewing.

Property Summary

Business Snapshot

Price: SUBMIT ALL OFFERS Net Profit: $205,000 Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $395,000Bedrooms: 2Car Spaces: 2
Good sized managers unit, 2 Bedrooms ,2 Bathrooms, 2 Carparks on title, Managers unit can be locked off reception, Exclusive use storage areas

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 94Total Units in Letting Pool: 51Holiday Units: 13Permanent Units: 38Owner Occupy Units: 21Outside Agent Units: 22Agreement Module: AccommodationPool: YesSpa: YesGym: YesWIFI: Yes
Marketing Agent
Charles Nurse
Charles Nurse

Dustin Allen
Dustin Allen

Listing location
Gallery

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