Southport, Queensland

$2,227,000

Property Description

Outstanding Location Outstanding Business

This three storey walk up complex has the best of both worlds with a mix of Permanent and Holiday letting.

Body Corporate Salary is significant and increases with CPI.

The location of this business is outstanding. Southport is booming!
Opportunities to purchase a quality business like this are rare.

A substantial 3 bedroom managers unit provides for a comfortable lifestyle.

An inspection is a must!

Property Summary

Business Snapshot

Price: $2,227,000 Net Profit: $330,000 Remuneration / Body Corp Salary: $136,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $610,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Large 229 sqm apartment with Office on Title and plenty of storage

Complex Information

Complex Type: MixedStar Rating: 3.5Total Units in Complex: 109Total Units in Letting Pool: 67Holiday Units: 19Permanent Units: 48Owner Occupy Units: 31Outside Agent Units: 10Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 17 yearsPool: YesSpa: YesSauna: YesGym: YesTennis Court: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Bobo Qi

Marketing Agency

Property Bridge

Property Bridge

Property Bridge

Bobo Qi
Property Bridge

Phone

Listing Tools

Property Map

Map Location ( get directions )

Southport, Queensland 4215 Exact map location not provided

Similar Properties

SOUTHPORT
Large Management Rights Business in Sout...

Management Rights - $2,227,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

CRE Brokers
Raby Bay Fantastic Complex
Exclusive

CLEVELAND
Raby Bay Fantastic Complex

$2,270,000
Net Income: $310,000
Managers Estate: $720,000 3 Bed - Bath
Letting Pool: 107
Remuneration: $226,142

RAAS Group
Modern Seaside Resort for Sale - North Brisbane - 1P4096MR
Exclusive

REDCLIFFE
Modern Seaside Resort for Sale - North...

Management Rights $2,245,000
Net Income: $291,656
Managers Estate: $785,000 3 Bed 2 Bath
Letting Pool: 34
Remuneration: $44,000

CRE Brokers

TENERIFFE
Salary Review: the greater of CPI or 5% on...

$2,284,000
Net Income: $303,000
Managers Estate: $700,000 2 Bed - Bath
Letting Pool: 54
Remuneration:

RAAS Group

WEST END
Business For Sale - Permanent Management...

$2,150,000
Net Income: $273,500
Managers Estate: $700,000 2 Bed 2 Bath
Letting Pool: 110
Remuneration: $163,283

MR Sales
Permanent, Big Nett Income, Big Remuneration in Brisbane Southwest Suburb
Exclusive

RICHLANDS
Permanent, Big Nett Income, Big Remunera...

Under Contract / Offer
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Next Business & Property Sales