South Brisbane, Queensland

$7,400,000

Property Description

$1,000,000 NETT INCOME

Incredible Business first time offered.

Brilliant short and long stay apartments in very strong corporate location. First time offered for sale. Beautifully presented throughout with a high 4.5 star quality. Opportunity to still grow this business.

- Very good upside to increase short stay business
- Prime location off Go Between Bridge
- Quality presentation throughout
- Sustainable huge nett profit
- High Caretaking salary with light duties
- Long agreements 20 years plus

Property Summary

Business Snapshot

Price: $7,400,000 Net Profit: $1,100,000 Remuneration / Body Corp Salary: $258,444Body corp salary review: Other

Managers Unit

Value of Managers Apartment: $1,420,000
3 units - Refer Information Memorandum from Agents

Complex Information

Complex Type: PermanentTotal Units in Complex: 199Total Units in Letting Pool: 154Permanent Units: 154Agreement Term: 25 yearsAgreement Term Remaining: 20-23 yearsPool: YesGym: Yes

Other Features / Notes

Full security buildings

Marketing Agent

Rod Askew / Eric Brizuela

Marketing Agency

RCA Business Brokers

RCA Business Brokers

RCA Business Brokers

Rod Askew / Eric Brizuela
RCA Business Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

South Brisbane, Queensland 4101 Exact map location not provided

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