PRIME LOCATION CORPORATE LETTING BUSINESS
OFFERS WANTED. The Vendor has reduced the price by a very substantial amount and moving inter-state to be with family. The building is located in a prime position on the fringe of Brisbane's CBD. It has a 4 star rating and was recently awarded, by Booking.com, a certificate in recognition of its'very high enquiry and booking achievements. Lots of repeat business.
The complex presents the apartments to a very high standard, complete with Smart TVs and WiFi. These two items alone make the building a top destination for repeat business, travellers or longer staying tenants.
The business can be run by a two person team although the current Manager chooses to employ staff. A wages expense has been built into the P & L.
The complex was recently painted inside and out and new carpet laid throughout. All cost coming from the sinking fund.
Interested buyers will need to sign a CONFIDENTIALITY STATEMENT before sighting more detailed information. A Profit & Loss statement has been prepared by an Industry Accountant for a Purchaser's peace of mind.
Please contact Jim Prentice 0412 984 684 or E email@example.com in the first instance.
The asking price of $2.15m includes the spacious manager's apartment on the 2nd level.
Net Profit: $312,000 Remuneration / Body Corp Salary: $69,637
Managers UnitValue of Managers Apartment: $520,000Bedrooms: 2
Complex InformationComplex Type: CorporateTotal Units in Complex: 52Total Units in Letting Pool: 23Holiday Units: 23Owner Occupy Units: 18Agreement Term: 25 yearsAgreement Term Remaining: 23.5 years