Southport, Queensland

$1,777,000

Property Description

MULTIPLIER 4.3, 2 BUSINESSES SOLD TOGETHER

MAIN BEACH MANAGEMENT RIGHT
SOUTHPORT MANAGEMENT RIGHTS

CAN BE SEPARATED AND SOLD SEPARATELY

TOTAL PRICE $1,777,000
BUSINESS PRICE $ 877,000
UNITS x 2 $900,000

ONLY 4.3 MULITPLIER FOR BOTH

SOUTHPORT COMPLEX
59 IN COMPLEX
PERMANENT LETTING POOL 32
OUTSIDE AGENT 1
O, OCC 22
1 LOCK UP

BC SALARY $90, 070
NETTING $122,000
UNIT PRICE $250,000

This complex has a VERY spacious 1 bedroom studio apartment. VERY big. With balcony and aircon. It attaches itself to an office and the office has a separate entry so can be locked off if you would like to let studio out to a caretaker to earn extra $$$. Minimal grounds and lovely pool area. Needs abit of work so potential for capital gain. No office hours

Standard agreement with 7 years (getting a top up)


MAIN BEACH COMPLEX

UNITS IN TOTAL 36
PERMANENT IN LETTING POOL 10
OUTSIDE AGENTS 2
OWNER OCC 20
LOCK UP 4

BC SALARY $ 69 513
UNIT PRICE $650,000
NETTING $82,397

This complex is right at Main beach opposite the beach. Ground floor secure 3 bedroom 2 bathroom apartment….need abit of work but potential for capital gain. No office hours required. Walk to surfers walk to restaurants in Main Beach.

25 year agreement with 20 to run
CAN BE SOLD SEPARATELY....Here exists a wonderful opportunity to have two complexes to run, 5 minutes away from each other. Live in the 3 bedroom ground floor spacious apartment at one at Main beach opposite the beach and run both complexes. The other complex has another managers residence but can be let out to a caretaker OR business partner. Good income for both and minimal work to be done. All figures are the two complexes together. This complex has too many opportunities to list so PLEASE ask for a business summary. Phone Kerrie Lush 0416 084 693 or kerrie@raas.com.au

Property Summary

Business Snapshot

Price: $1,777,000 Net Profit: $204,000 Remuneration / Body Corp Salary: $159,583

Managers Unit

Value of Managers Apartment: $900,000Bedrooms: 3

Complex Information

Complex Type: ResortTotal Units in Complex: 95Total Units in Letting Pool: 42Holiday Units: 42Owner Occupy Units: 42

Marketing Agent


Marketing Agency

RAAS Group

Kerrie Lush
RAAS Group

Phone

Listing Tools

Property Map

Map Location ( get directions )

Southport, Queensland 4215 Exact map location not provided

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