South Brisbane, Queensland

Price Guide $2,000,000

Property Description

Price Guide $2,000,000

Option to live offsite and rent the managers unit
- Great Net Profit appr. $292,060
- 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, 38 one/two 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 - 20 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 good income in South Brisbane!
The owner is moving family, decided to sell ...
The income has great potential for growth, with fabulous bookings in 2019!

Don't miss the opportunity, book your inspection now with NEXT exclusive agents, David Janett or David Jiang

Property Summary

Business Snapshot

Price: Price Guide $2,000,000 Net Profit: $292,060 Remuneration / Body Corp Salary: $54,647Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On Title

Complex Information

Complex Type: CorporateTotal Units in Complex: 50Total Units in Letting Pool: 39Holiday Units: 38Permanent Units: 1Outside Agent Units: 4Manager Units: 1Agreement Term Remaining: 20 Years yearsPool: YesBBQ Area: 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

Phone

Listing Tools

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Map Location ( get directions )

South Brisbane, Queensland 4101 Exact map location not provided

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SOUTH BRISBANE
Fantastic Location in South Brisbane

$2,000,000
Net Income: $305,399
Managers Estate: $555,000 2 Bed - Bath
Letting Pool: 44
Remuneration: $55,057

RAAS Group