Solid Permanent and Large Residence in Spring Hill
Nett Income $173,803, with Large Manager Residence $650,000, Total Asking for $1,553,800
In a prime location on the top of Spring Hill this business ticks all the boxes whilst providing opportunity to grow the business
Perfectly located complex benefits from quick access to a range of restaurants, shops and entertainment areas, Fortitude Valley, major Brisbane hospitals, Brisbane Convention & Exhibition Centre, RNA Showgrounds, Southbank and Suncorp Stadium.
Only 3 minutes to Roma Street Parklands and St Andrews Hospital
5 minutes walk to Boys and Girls Grammar, Wickham Terrace medical precinct and Queen Street
Bus station is just on the doorstep, also free Inner City Loop bus operates around
Long agreement 21 years left on a 25 years accommodation module
Fantastic Body Corporate salary of $84,455 with annual increase of CPI
Body Corporate very good and supportive to work with
Very well run complex Well established and steady business, all procedures documented
Complex very popular with the tenants
All the BC's hard work has been done, the pool, exterior podium level and the common areas have also undergone a sleek and modern refurbishment and the result is stunning.
Now is the time to reap the rewards!
Modern and spacious manager residence comprises two bedrooms, two bathrooms, large open plan living/lounge/dining room, kitchen, laundry and large storage and two car spaces
Detached office on ground floor
If you want to buy a sustainable & solid income and lifestyle business, it ticks all your boxes, please book your inspection immediately with our NEXT team.
Net Profit: $173,803 Remuneration / Body Corp Salary: $84,455Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $650,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On Title
Modern and spacious manager residence with detached office on the ground floor
Complex InformationComplex Type: PermanentTotal Units in Complex: 0Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 years