New Farm, Queensland

$1,199,000

Property Description

Only 3.38x - combination of good income and river front living

Famed contemporary short term building located in New Farm, overlooking the Brisbane River. Located a few minutes drive from the Brisbane CBD and Fortitude Valley. Close proximity to eclectic cafes, shopping centres, markets and entertainment. Easy access to public transport via the nearby City Cat ferry terminal and bus stop. Multiple bookings from direct repeat customers. Opportune business for a semi-retired couple to run whilst living in the picturesque river front apartment. Only a 3.38x multiplier. Contact Celine for further information or to book your inspection.

Property Summary

Business Snapshot

Price: $1,199,000 Net Profit: $162,358 Remuneration / Body Corp Salary: $56,834

Managers Unit

Value of Managers Apartment: $650,000Bedrooms: 2Bathrooms: 2Car Spaces: 1

Complex Information

Complex Type: HolidayTotal Units in Complex: 0Total Units in Letting Pool: 13Holiday Units: 13Agreement Term: 15 yearsAgreement Term Remaining: 10 yearsPool: YesSpa: YesBBQ Area: Yes

Marketing Agent


Marketing Agency

Shine Realty

Celine Tseng
Shine Realty

Phone

Listing Tools

Property Map

Map Location ( get directions )

New Farm, Queensland 4005 Exact map location not provided

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