Southport, Queensland
Huge Upside Potential. Unique Holiday Complex
Property Description
Calling for "Experienced Management Rights Operators" looking for significant upside
- 94 Unit complex in Southport- 51 Units in letting pool. 13 Holiday/ 38 Permanent
- All units are 1 bedroom studios (less owner occupiers)
- Super attractive for investors with low unit values generating solid yields (Average unit value circa $200,000)
- 25 Year accommodation module with 15 years to run
- Managers residence contains 2 bed, 2 bath and 2 car parks (Only $395,000 total)
- Body corporate remuneration of $115,000
- Manageable grounds to maintain (Medium Rise Apartment Complex "With Lifts")
Call Charles Nurse today for more information or to arrange a viewing.
Property Summary
Business Snapshot
Price: Huge Upside Potential. Unique Holiday Complex Net Profit: $205,000 Body corp salary review: CPI AnnuallyManagers Unit
Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: YesGood sized managers unit, 2 Bedrooms ,2 Bathrooms, 2 Car parks on title, Managers unit can be locked off reception, Exclusive use storage areas.
Complex Information
Complex Type: HolidayTotal Units in Complex: 94Total Units in Letting Pool: 51Holiday Units: 13Permanent Units: 38Outside Agent Units: 43Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 15 yearsPool: YesSpa: YesGym: YesWIFI: Yes
Listing Tools
This listing last updated: 15th January 2019
Property Map
Map Location ( get directions )
Southport, Queensland 4215 Exact map location not provided