Algester, Queensland
NEWLY ESTABLISHED PERMANENT MANAGEMENT RIGHTS PORTFOLIO BUSINESS ONLY
$850,000
Business Description
RCA EXCLUSIVELY PRESENT FOR SALE THE ESTABLISHED NEW MANAGEMENT AND LETTING RIGHTS AT BELLA AT MANLY AND BROOKE RESIDENCES AT ALGESTER WITH NO MANAGERS RESIDENCE OR OFFICE TO BUY
+ Developed by Visie Properties
+ Established near new 82 total townhouse portfolio in Manly West and Algester
+ Already completed, setup and running
+ Body corp caretaking salary of $83,602 per annum
+ Permanent only business with accountant verified $169,540 nett income per annum
+ Approximately 24 and 23 years remaining on 25 year agreements.
+ NO MANAGERS RESIDENCE OR OFFICE TO BUY. BUSINESS ONLY.
+ Great location in Manly West and Algester
+ Built in 2024 and 2023
DON’T MISS OUT ON THIS INCREDIBLE NEWLY ESTABLISHED MANAGEMENT RIGHTS OPPORTUNITY. REQUEST INFORMATION MEMORANDUM FOR MORE DETAILS ON THIS PROPERTY.
CONTACT RCA FOR MORE DETAILS
Business Summary
Business Snapshot
Price: $850,000
Net Profit: $169,540
Managers Unit
NO UNIT TO BUY
Complex Information
Complex Type: PermanentTotal Units in Complex: 82Total Units in Letting Pool: 25Agreement Term: 25 yearsAgreement Term Remaining: Approximately 24 & 23 years
Key Investment Insights
Key insights for this business for sale listing include:
- The business is a newly established permanent management rights portfolio, with no managers residence or office to buy.
- The portfolio consists of 82 townhouses in Manly West and Algester, developed by Visie Properties.
- The business is already set up and running, with a body corp caretaking salary of $83,602 per annum.
- The business is permanent only, with an accountant verified $169,540 nett income per annum.
- The agreements have approximately 24 and 23 years remaining on a 25 year term.
- The location is in a great area, with the townhouses built in 2024 and 2023.
- The asking price for the business is $850,000.
- The complex is permanent and has 82 units, with 25 units in the letting pool.
- The agreement term is 25 years, with approximately 24 and 23 years remaining.
- The business is being sold by RCA exclusively.
