Price Reduced! 5 Times Multiplier NOW. Manager Says Sell! Huge Potential for a New Manager!
Option to live offsite and rent the managers unit
- Great Net Profit appr. $400,000
- Resort style corporate management rights
- Spacious Manager Residence 2 beds, 2 baths, 2 carparks with office on title
- Perfectly located in the prestigious heart of South Brisbane, short walk to South Bank
- Close to Conference & Exhibition Centre, Museum and Art Gallery
- Total 50 Units, 41 one bed or studio Units, secured business building, good return to investors
- Easy caretaking workload, small pool, no lift, no gym, manageable common area
- Long agreement - 22 years left
- No leaseback agreements within the letting pool
- Located within the Brisbane State High School and West End State School catchment area
This is a rare opportunity to purchase a corporate letting with big income in South Brisbane!
The owner is moving family, decided to sell ...
The income has great potential for growth, with fabulous booking in 2018!
Don't miss the opportunity, book your inspection now with NEXT exclusive agents, David Janett or David Jiang
Price: $2,460,000 ONO
Net Profit: $400,000 Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $570,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On Title
Complex InformationComplex Type: CorporateTotal Units in Complex: 50Total Units in Letting Pool: 45Holiday Units: 45Owner Occupy Units: 2Outside Agent Units: 2Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21.5 Years yearsPool: YesWIFI: Yes
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -