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Fantastic Location in South Brisbane

$2,000,000

South Brisbane, Queensland

Fantastic Location in South Brisbane

A busy corporate let complex ideally located in the heart of booming South Brisbane . The business is ideal as most units are 1 bedrooms and studio unlikely to ever be sold to owner occupiers. The location is first class - minutes walk to the South Bank entertainment and conference precinct and the popular cultural hub of West End . The city is a mere 10 minutes walk. This property is a real alternative to a motel and will appeal to anyone looking for an inner city Brisbane cash flow business
Income $305,399
Unit $550,000
Business $1,450,000
Total $2,000,000
This is a 4.7 multiplier
P&L done by Sam Hodges of Mcadam Siemon
The BC Salary has gone up by $1,223 since the P&L was done.which has not been added in
Any reasonable offer will not not be rejected. Very motivated vendor
Please contact Robert Collins of RAAS on 0404678792 or robertc@raas.com.au

Features

Business Snapshot

  • Price: $2,000,000
  • Net Profit: $305,399

Managers Unit

  • Value of Managers Apartment: $555,000
  • Bedrooms: 2

Complex Information

  • Complex Type: Corporate
  • Total Units in Complex: 50
  • Total Units in Letting Pool: 32
  • Holiday Units: 32
  • Owner Occupy Units: 12
  • Agreement Term Remaining: 20 years

Business Links / Tools

Last updated: 26th June 2019

Summary

Property Type
Business
Contract Type
For Sale
Location
 South Brisbane
State
 Queensland
Price
$2,000,000
Category
  • Management Rights
  • Property/Real Estate

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