Southport, Queensland

SUBMIT ALL OFFERS (Call for further information)

Property Description

HUGE UPSIDE - SUBMIT ALL OFFERS

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 (Call for further information) 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


Marketing Agency

Stratacorp

Charles Nurse
Stratacorp

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Map Location ( get directions )

Southport, Queensland 4215 Exact map location not provided

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