Fortitude Valley, Queensland

Offers over $800,000

Property Description

Vendor says Sell !

Wedged between Brunswick and James St, no location is more central, convenient or sought after.
This complex is the epitome of inner-city accessibility, and is walking distance to Chinatown, Brunswick Street Mall, James St Markets,
New Farm, the CBD and there are endless public transport options.
The perfect inner-city hideaway for urban professionals or investors.
This management rights presents a prime opportunity to secure an affordable, stylish unit in an unmatched location and a management rights with plenty of upside.
The building is secure with an intercom and swipe access and every lifestyle need is catered for with a gym and pool onsite.
Features include:
- an undercover and open air large courtyard
- Office and reception
- an easy acces secure car park
- swimming pool and gym
- Corporate letting
- 19 Outside Agents
- 5 year top up available to the approved purchaser
- Very reasonable multiplier

PLANNED IMPROVEMENTS
• conversion of all common lighting to movement sensitive LEDS
• upgrading of pool tiles
• upgrading of common area tiles
• painting inside and out over the next 12 months
• upgrading of reception area to enclose the whole area including desk
• upgrading of gym to include owned equipment
• purchase of CTS owned plants
• upgrading of glassed areas to a self cleaning surface
• DA approved for area diagonally opposite and behind the complex

Property Summary

Business Snapshot

Price: Offers over $800,000 Net Profit: $110,000

Managers Unit

Value of Managers Apartment: $460,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: No
Large 2 Bedroom Apartment.

Complex Information

Complex Type: CorporateTotal Units in Complex: 39Total Units in Letting Pool: 9Holiday Units: 7Permanent Units: 2Owner Occupy Units: 10Outside Agent Units: 19Manager Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 16 yearsPool: YesGym: Yes

Marketing Agent


Marketing Agency

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Mike Clark
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Phone

Listing Tools

Property Map

Map Location ( get directions )

Fortitude Valley, Queensland 4006 Exact map location not provided

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