South Brisbane, Queensland

$2,000,000

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 robertc@raas.com.au

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

Phone

Listing Tools

Property Map

Map Location ( get directions )

South Brisbane, Queensland 4101 Exact map location not provided

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Price Guide $2,000,000

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

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