Brisbane City, Queensland

OPTION TO LIVE OFF SITE

SOLD

Business Description

Manager may choose to live off or onsite.

These upmarket apartments are well positioned in the popular inner Brisbane suburb of Spring Hill. A five minute walk to China Town, ten minute walk to Central Station and fifteen minute walk to Brisbane’s CBD.

Offering guests modern, comfortable self contained one and two bedroom accommodation, the property offers a range of facilities such as heated pool and spa, sauna and gym. All with secure basement car parking.

This permanent letting business has a solid letting pool with strong demand, coupled with a Body Corporate salary of $94,000 and 22 years remaining on management agreements.

A well appointed two bedroom apartment of over 150 sqm, inclusive of office and reception on title offers a great lifestyle choice for those wishing the convenience of a vibrant city lifestyle.

Quality businesses such as this Brisbane Management Rights are sort after but rarely found.

Avoid disappointment and don’t delay. Arrange an inspection with us now!

Business Summary

Business Snapshot

Price: SOLD Net Profit: $161,823 Remuneration / Body Corp Salary: $94,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $600,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Beautiful two bedroom apartment

Complex Information

Complex Type: PermanentTotal Units in Complex: 63Total Units in Letting Pool: 36Owner Occupy Units: 19Outside Agent Units: 8Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesSauna: YesGym: YesPay TV: YesWIFI: Yes

Other Features / Notes

Modern Well Appointed Apartment. Option to live off site

Marketing Agent

Bobo Qi

Property Bridge

Key Investment Insights

1. Prime location in popular inner Brisbane suburb with easy access to amenities and CBD.
2. Strong demand for self-contained one and two bedroom accommodation.
3. Range of facilities including heated pool and spa, sauna, and gym.
4. Secure basement car parking.
5. Solid letting pool with strong demand.
6. Body Corporate salary of $94,000.
7. 22 years remaining on management agreements.
8. Well-appointed two bedroom apartment with office and reception on title.
9. Great lifestyle choice for those seeking a vibrant city lifestyle.
10. Rare and sought-after management rights business.
11. Managers may choose to live off or onsite.
12. Beautiful two bedroom apartment included in the sale.
13. Complex type is permanent, with a total of 63 units and 36 units in the letting pool.
14. Agreement module is Accommodation with a term of 25 years and 22 years remaining.
15. Onsite amenities include pool, spa, sauna, gym, pay TV, and WIFI.
16. Option to live off site for added flexibility and convenience.
17. Potential for growth and increased profits in the future.

Management Rights Multiplier: 5.04
ROI Estimate: 11.43%