Brisbane City, Queensland

Business For Sale - Business Only Sale - Auchenflower - ID 8862 BL

$918,000

Property Description

- Superb Location! QLD University, Wesley Hospital, Toowong Shopping, Brisbane CBD -All 5 to 10 minutes from the door
- 23 years remaining on the agreements
- Small & manageable letting pool, but great net profit at $180,000
- Good monthly salary at $5,100
- Common areas are small and compact but easily maintained
- A business that can be run by a single person or a part-time couple
- This is good value at a 5.1 multiple
- Business includes 14 in the pool + 3 external rentals that are less than 2kms from the office
- Great website with all social media links + channel manager to all of the big hotel booking sites

Good sized 2 bedroom 2 bathroom managers apartment - rent this for $530 per week. Readily operated by a single person or a part time couple.Fully set up business ready to go to the next level.Small common areas make for light work!

Net Profit: $180,000
Asking Price: $918,000


For further information on this management rights opportunity or to arrange an inspection contact listing broker Lyn Persall

Property Summary

Business Snapshot

Price: $918,000 Net Profit: $180,034 Remuneration / Body Corp Salary: $61,267Body corp salary review: CPI Annually

Managers Unit

Car Spaces: 1Office: On TitlePets OK: No
2 bedroom apartment, 2 bathrooms, 2 balconies - THIS UNIT IS NOT INCLUDED IN THE SALE. RENT FOR $530 PER WEEK

Complex Information

Complex Type: CorporateTotal Units in Complex: 28Total Units in Letting Pool: 14Holiday Units: 13Permanent Units: 1Owner Occupy Units: 10Outside Agent Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesSauna: YesPay TV: Yes
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