Spring Hill, Queensland

$1,553,800

Property Description

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.

Property Summary

Business Snapshot

Price: $1,553,800 Net Profit: $173,803 Remuneration / Body Corp Salary: $84,455Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $650,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On Title
Modern and spacious manager residence with detached office on the ground floor

Complex Information

Complex Type: PermanentTotal Units in Complex: 0Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 years

Marketing Agent


Marketing Agency

Next Business & Property Sales

Next Business & Property Sales

Next Business & Property Sales

David Jiang
Next Business & Property Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Spring Hill, Queensland 4000 Exact map location not provided

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