Fortitude Valley, Queensland

Expressions of Interest

Property Description

Earning Net Profit of Approx. $86,893 p.a in Fortitude Valley - Receiver's sale | Resort Brokers ID : MR006061

The Hub Apartments are made up of 55 units over eight levels and this property comes with an annual body corporate salary of $72,021 (excluding GST) with CPI increases annually.



  • 15 units are currently with external agents

  • Consistent earnings with body corporate salary

  • 92%-100% occupancy for rentals within the letting pool

  • Refurbishment of managers unit with new paint and carpets in 2019

  • Complex linked to valley position as a premier entertainment and dining area in Brisbane

  • Property inspections are by appointment only


EXPRESSIONS OF INTEREST CLOSING 5 PM FRIDAY, 6 DECEMBER 2019

Date updated: 12 Dec 2019 23:00:07

Property Summary

Business Snapshot

Price: Expressions of Interest Net Profit: $86,893 Remuneration / Body Corp Salary: $72,021

Managers Unit

Bedrooms: 2Bathrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 55Total Units in Letting Pool: 13Holiday Units: 13Owner Occupy Units: 26Outside Agent Units: 15Agreement Term Remaining: 12 years

Marketing Agent


Marketing Agency

ResortBrokers

Jane Fang
ResortBrokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Fortitude Valley, Queensland 4006 Exact map location not provided

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