Primarily Permanent in Southport!!
Looking for a primarily permanent business in the heart of Southport? This will be the one... With a renovated two bedroom two bathroom managers unit it is a perfect live in, or could fetch a reasonable return as remuneration to engage an employee to manage day to day facilities. The office is on title and has both front reception and a rear private working area. The business has a golden opportunity to expand the letting pool with a highlight of this is being that the units are all one bedroom being less attractive for owner occupiers. The income boasts a great return which has room to engage an employee to manage the day to day running should you wish to do so. The building is accessible through lifts from the basement car park or reception and has all resort style facilities including a large pool, gym, spa. This one is defiantly be worthwhile inspecting.
The numbers are as follows:
Unit Price: $395,000
Net Income: $188,000
Business Price: $900,000
Total Price: $1,295,000
Please contact Anna on 0421794797 for further information or inspection.
Net Profit: $188,194 Remuneration / Body Corp Salary: $113,300
Managers UnitValue of Managers Apartment: $395,000Bedrooms: 2
Complex InformationComplex Type: ResortTotal Units in Complex: 94Total Units in Letting Pool: 55Holiday Units: 55Owner Occupy Units: 16Agreement Term: 25 yearsAgreement Term Remaining: 8 years