South Brisbane, Queensland

$2,460,000 ONO

Property Description

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

Property Summary

Business Snapshot

Price: $2,460,000 ONO Net Profit: $400,000 Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $570,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex 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 Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Marketing Agent

Marketing Agency

Next Business & Property Sales

Next Business & Property Sales

Next Business & Property Sales

David Janett
Next Business & Property Sales


Listing Tools

This listing last updated: 13th September 2018

Property Map

Map Location ( get directions )

South Brisbane, Queensland 4101 Exact map location not provided

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