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Management Rights For Sale - 1 large

Brisbane City, Queensland

Great Permanent

SOLD

Business Description

A good life-style plus here. Very modern Hi-rise with permanent rentals within a few minutes walk to the Queen St mall. Building boasts a roomy 3 bedroom 2 bathroom 2 car space Managers apartment with large office attached and on title. Small garden and little outside work required. Plenty of storage. Friendly BC committee
Please contact Robert Collins Exclusive Agent in the first instance on ---------- or ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $179,162 Remuneration / Body Corp Salary: $83,161

Managers Unit

Value of Managers Apartment: $655,000Bedrooms: 3

Complex Information

Complex Type: PermanentTotal Units in Complex: 51Total Units in Letting Pool: 27Holiday Units: 27Owner Occupy Units: 20Agreement Term Remaining: 19years years
Marketing Agent
Robert Collins
Robert Collins

RAAS Property Group

RAAS Property Group

Key Investment Insights

1. Modern hi-rise building with permanent rentals
2. Located within minutes of Queen St mall
3. Roomy 3 bedroom, 2 bathroom, 2 car space manager's apartment with large office
4. Small garden and minimal outside work required
5. Plenty of storage space
6. Friendly body corporate committee
7. Strong net profit of $179,162
8. Generous remuneration/body corporate salary of $83,161
9. Valued at $655,000
10. Complex consists of 51 units, with 27 in the letting pool and 27 holiday units
11. 20 owner-occupied units
12. Long agreement term remaining of 19 years.

Management Rights Multiplier: 5.19
ROI Estimate: 19.26%

Listing location
Gallery
Management Rights For Sale - 1 small

This Business is sold

Listing Tools

Last update: 19th March 2020

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