Annerley, Queensland
Great Value in this One!
SOLD
Business Description
Small work - Large pay!
This fantastic complex consists of only 1 Bedroom Units and targets the local Hospital worker population and is very popular.
Annerley is approx a 5 minute drive from South Banks and West Ends popular cafe areas and close to Train & Bus stops, Supermarkets, University and hospitals!
• 66 units in the complex
• Body Corporate salary of $80,000
• Approx. 20 hours of caretaking per week
• There are no set office hours.
• Exclusive use office etc
• The P&L is very clean
• Manager given autonomy by committee
• Great location
• Lots of upside on this one
We simply cannot think of anything negative to say about this property.
An absolute rare gem!!
Business Summary
Key Investment Insights
1. The complex consists of 66 units, providing a large potential customer base for the business.
2. The business has a strong target market of local hospital workers, ensuring a consistent demand for the units.
3. Annerley's close proximity to popular cafe areas and public transport makes it an attractive location for potential tenants.
4. The body corporate salary of $80,000 provides a steady source of income for the business.
5. The caretaking duties only require approximately 20 hours per week, allowing for a good work-life balance.
6. There are no set office hours, providing flexibility for the manager.
7. The exclusive use office adds value to the business and provides a dedicated workspace for the manager.
8. The P&L is clean, indicating a well-managed and profitable business.
9. The manager is given autonomy by the committee, allowing for efficient decision-making and management.
10. The location of the complex is highly desirable, with potential for further growth and development.
11. The business has a lot of potential for growth and improvement, providing opportunities for increased profits.
12. The property is an absolute rare gem, offering a unique and valuable opportunity for potential buyers.
