Beenleigh, Queensland
BUSINESS ONLY MANAGEMENT RIGHTS FOR SALE IN BEENLEIGH
SOLD
Business Description
We are pleased to offer this business only Management Rights property located in Beenleigh in Queensland.
There is no requirement to either purchase an apartment or reside onsite, and there are no hours in the agreements.
However, there are a choice of apartments if the incoming Manager wanted to buy or rent on the premises.
The property is approximately 7 years old and the Developer is now selling the Management Rights for the first time.
The property comprises a total of 41 units over a range of 1, 2, and 3 bedroom types.
There are 31 in the rental pool and of those, 17 are NRAS.
The NRAS agreements will expire in 3 years and at that time the incoming manager will be able to increase the income by bringing the rents on these back up to the market rate.
There is a very easy workload and the complex could easily be managed by a single person.
Business Summary
Key Investment Insights
1. Business only Management Rights property located in Beenleigh, Queensland
2. No requirement to purchase an apartment or reside onsite
3. No set hours in the agreements
4. Choice of apartments available for purchase or rent on the premises
5. Property is approximately 7 years old
6. Developer is selling the Management Rights for the first time
7. Comprises a total of 41 units, including 1, 2, and 3 bedroom types
8. 31 units in the rental pool, 17 of which are NRAS (National Rental Affordability Scheme)
9. NRAS agreements will expire in 3 years, allowing for potential increase in income
10. Easy workload and can be managed by a single person
11. Managers unit included in the sale
12. Complex information available for interested buyers.
