South Brisbane, Queensland


Property Description

Fantastic Location in South Brisbane

A busy corporate let complex ideally located in the heart of booming South Brisbane . The business is ideal as most units are 1 bedrooms and studio unlikely to ever be sold to owner occupiers. The location is first class - minutes walk to the South Bank entertainment and conference precinct and the popular cultural hub of West End . The city is a mere 10 minutes walk. This property is a real alternative to a motel and will appeal to anyone looking for an inner city Brisbane cash flow business
Income $305,399
Unit $550,000
Business $1,450,000
Total $2,000,000
This is a 4.7 multiplier
P&L done by Sam Hodges of Mcadam Siemon
The BC Salary has gone up by $1,223 since the P&L was done.which has not been added in
Any reasonable offer will not not be rejected. Very motivated vendor
Please contact Robert Collins of RAAS on 0404678792 or

Property Summary

Business Snapshot

Price: $2,000,000 Net Profit: $305,399 Remuneration / Body Corp Salary: $55,057

Managers Unit

Value of Managers Apartment: $555,000Bedrooms: 2

Complex Information

Complex Type: CorporateTotal Units in Complex: 50Total Units in Letting Pool: 32Holiday Units: 32Owner Occupy Units: 12Agreement Term Remaining: 20 years years

Marketing Agent

Marketing Agency

RAAS Group

Robert Collins
RAAS Group


Listing Tools

Property Map

Map Location ( get directions )

South Brisbane, Queensland 4101 Exact map location not provided

Similar Properties

Price Guide $2,000,000

Price Guide $2,000,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -

Next Business & Property Sales