Bowen Hills, Queensland

NETTING OVER $230K - PERMANENT MLR IN BRISBANE'S BEST POSTCODE 4006 | Resort Brokers ID : MR006666

$1.265M BUS + $700K UNIT

Property Description

On offer is the management rights and manager's unit / office to 'Terrace on Gregory', a well-maintained and easy-to-manage permanent residential complex located in a prime inner-city location.



  • Beautifully planned three-storey complex with lift access

  • Total of 78 apartments with50 units currently managed in the onsite letting pool

  • 23 owner occupiers (including manager's apartment) and 4 external lets

  • High BC salary of $127,812+GST p.a

  • Located near RNA showgrounds, RB hopsital and Royal International Convention Centre

  • Easily managed by a management couple, or single operator working full time

  • Caretaking duties include approx. 12 hours cleaning p/w and 2 - 4 hours p/w of gardening & pool maintenance

  • There are no set office hours in the agreements

  • Current management opt to open the office Mon-Fri; 9am to 5pm when they are onsite

  • Stunning three bedroom manager's apartment with large attached office on title

  • Facilities include heated pool & sp and gymnasium plus secure under cover parking

  • Scope for incoming operator to switch back to short-term when Brisbane's coporate / tourism market recovers

Date updated: 22 Sep 2021 01:00:04

Property Summary

Business Snapshot

Price: $1.265M BUS + $700K UNIT Net Profit: $230,344 Remuneration / Body Corp Salary: $127,812

Managers Unit

Value of Managers Apartment: $700,000Bedrooms: 3Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 78Total Units in Letting Pool: 50Holiday Units: 50Owner Occupy Units: 23Outside Agent Units: 4Agreement Term Remaining: 25 years
Marketing Agent
Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Properties

You may also like

Realistic Vendor - Keen To Sell
Not Required to Live Onsite
Located in Eight Mile Plains
Rare Large Townhouse Complex - High Renumeration
Quiet Townhouse Complex
Solid Investment - Motivated Vendor
Great Value Management Rights in Loganlea
Brisbane CBD - Motivated Vendor
82HF - THRIVING QLD PUB WITH FANTASTIC ROI
Business For Sale - Large Varsity Lakes Permanent - ID 8941 H
Secure this rare FREEHOLD motel on prime coastal reality with KNOCKOUT views! | Resort Brokers ID : FH006910
ONE OF QUEENSLAND'S LARGEST MANAGEMENT RIGHTS PORTFOLIO’S TO HIT THE MARKET | Resort Brokers ID : MR006896
FREEHOLD CARAVAN PARK IN NORTH WEST QLD OFFERED WITH RETURN OF OVER 16%
2667ML - A GREAT SIZE MOTEL WHERE NUMBER OF ROOMS IS KING
2404ML - A SMALL PRICE TO START YOUR MOTEL CAREER
1114ML - BLUE CHIP WATERFRONT BOUTIQUE LEASEHOLD HOTEL
CRACKING LITTLE BEACH SIDE LIFESTYLE BUSINESS - INSPECT NOW | Resort Brokers ID : MR006818
Secure your financial future lifestyle with this absolute beachfront MR | Resort Brokers ID : MR006916