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!
Net Profit: $330,000 Remuneration / Body Corp Salary: $136,000Body corp salary review: CPI Annually
Managers UnitValue 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 InformationComplex 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