Spring Hill, Queensland

$1,690,000 NEGOTIABLE

Property Description

ResortBrokers EXCLUSIVELY offers MR in the heart of Spring Hill | Resort Brokers ID : MR005993

The perfect opportunity presents for experienced and first-timers alike with this rare Inner City MR offering a realistic multiplier. Situated in a sought-after rental suburb close to the Brisbane CBD, it features a beneficial mix of holiday and permanent apartments plus long 25-year accommodation modules with 23 years remaining. The complex has a strong & supportive committee, lush tropical gardens and small easy to maintain pool which is a drawcard for residents.



  • Approx $241,711 Net profit

  • Predominantly permanent letting pool with some short term

  • Affordable Onsite Managers residence @ $390,000

  • Strong Letting pool - 36 of 60 units

  • Rare Inner City MR at realistic 5.2x multiplier

  • Property inspections are by appointment only

Date updated: 12 Dec 2019 23:00:06

Property Summary

Business Snapshot

Price: $1,690,000 NEGOTIABLE Net Profit: $241,711

Managers Unit

Value of Managers Apartment: $390,000Bedrooms: 2Office: On Title

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 60Total Units in Letting Pool: 36Holiday Units: 36Owner Occupy Units: 18Outside Agent Units: 6Agreement Term Remaining: 23 years

Marketing Agent


Marketing Agency

ResortBrokers

Nathan Eades
ResortBrokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Spring Hill, Queensland 4000 Exact map location not provided

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