Spring Hill, Queensland
Solid Permanent and Large Residence in Spring Hill
$1,401,000
Business Description
Nett Income $146,045, with Large Manager Residence $700,000, Total Asking for $1,401,000
In a prime location on the top of Spring Hill this business ticks all the boxes whilst providing opportunity to grow the business
Perfectly located complex benefits from quick access to a range of restaurants, shops and entertainment areas, Fortitude Valley, major Brisbane hospitals, Brisbane Convention & Exhibition Centre, RNA Showgrounds, Southbank and Suncorp Stadium.
Close to everything
Only 3 minutes to Roma Street Parklands and St Andrews Hospital
5 minutes walk to Boys and Girls Grammar, Wickham Terrace medical precinct and Queen Street
Bus station is just on the doorstep, also free Inner City Loop bus operates around
Long agreement 22 years left on a 25 years accommodation module
Fantastic Body Corporate salary of $101,931 with annual increase of CPI
Body Corporate very good and supportive to work with
Very well run complex Well established and steady business, all procedures documented
Complex very popular with the tenants
All the BC's hard work has been done, the pool, exterior podium level and the common areas have also undergone a sleek and modern refurbishment and the result is stunning.
Now is the time to reap the rewards!
Modern and spacious manager residence comprises two bedrooms, two bathrooms, large open plan living/lounge/dining room, kitchen, laundry and large storage and two car spaces
Detached office on ground floor
If you want to buy a sustainable & solid income and lifestyle business, it ticks all your boxes, please book your inspection immediately with our NEXT team.
Business Summary
Key Investment Insights
1. Prime location in Spring Hill with quick access to a range of amenities and entertainment areas.
2. Opportunity for growth in the business.
3. Long agreement with 22 years left on a 25 year accommodation module.
4. Fantastic Body Corporate salary of $101,931 with annual increase of CPI.
5. Well established and steady business with all procedures documented.
6. Popular with tenants.
7. BC has completed major refurbishments to the pool, exterior podium level, and common areas.
8. Modern and spacious manager residence with two bedrooms, two bathrooms, and two car spaces.
9. Detached office on ground floor.
10. Sustainable and solid income and lifestyle business.
