Southport, Queensland

CARETAKING AND UNIT ONLY 1.6 MULTIPLIER

$500,000

Property Description

1/31 RAILWAY STREET, SOUTHPORT
It Pays to own this apartment
Invest in a Premium Location & Earn a great Rental Income as well as a caretaker income.
Retired & Active, School Hours Income or Like Easy Caretaking?

Caretaking duties for the complex requires a few hours pw.
A brand new 12 months tenancy agreement is now in place - so you earn a great rent and the added income from caretaker duties.

This is a very rare investment opportunity.

2 bedrooms - which are both ensuited
3rd room for guest/home office or study
Big open plan kitchen with island bench
Large lounge extends to outdoor entertaining
Huge covered alfresco entertaining area
with electric pergola roof and side courtyard
Ambient secure lobby entrance to the boutique complex
Locked pedestrian access through to the outdoor area
Boutique complex of 3 floors
Lift, BBQ area and a pool
Secure underground car park
Salary for caretaking is $28,500 pa approx.
Extra income for work additional to caretaking duties.
Rental management fees achievable for Licensed Real Estate Agents

Main entrance through the secure complex entry with additional side gate through outdoor area.

The complex is a 3 story walk up (complete with lift), BBQ area and a pool. You can park your car in the secure underground car park.

The body corp salary is $28,800 per year with scope for additional income for work carried performed outside of the duties list, and also possible rental management (if you are licensed)

Manager has TWO car spaces underground

Call now for further information and arrange an inspection.

Craig Marshall ----------

Property Summary

Business Snapshot

Price: $500,000 Net Profit: $28,800 Remuneration / Body Corp Salary: $28,800

Managers Unit

Value of Managers Apartment: $500,000Bedrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 21Owner Occupy Units: 13Agreement Term: 10 yearsAgreement Term Remaining: 4.5 years
Marketing Agent
Listing location
Gallery

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