Southport, Queensland

$475,000

Property Description

NO NEED TO LIVE ON-SITE. CARETAKING ONLY

Buy a unit in a hot spot with a handy income stream to supplement your semi-retired life. No requirement to live onsite!

Centrally located in the heart of Southport. Close to Australia Fair Shopping centre, Broadwater, parks, light rails, public transport and schools.

Modern manager’s apartment with 3 bedrooms, two bathrooms and 2 underground car parks. Master bedroom with ensuite, main bathroom is a two-way bathroom between the other 2 bedrooms. Good size indoor entertaining area and tropical private courtyard with street level side entrance.

A pet friendly permanent gold coast management rights complex with resort style pool and undercover BBQ area. Multiplier of around 1.7 for $28,800 (excl GST) annual Body Corporate salary.

Property Summary

Business Snapshot

Price: $475,000 Net Profit: $28,800 Remuneration / Body Corp Salary: $28,800Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $425,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
2 bedrooms, 2 bathrooms with ensuits, 2 car spaces,, 1 office, large courtyard

Complex Information

Complex Type: PermanentTotal Units in Complex: 21Owner Occupy Units: 10Outside Agent Units: 10Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 5 yearsPool: YesBBQ Area: Yes

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Marketing Agency

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Jenny Zheng
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Map Location ( get directions )

Southport, Queensland 4215 Exact map location not provided

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