Chermside, Queensland

Modern Business Only apartment complex with 24 year agreements | Resort Brokers ID : MRB006636

Under Contract / Offer

Property Description

This outstanding Management Rights features a near new complex with NO requirement to buy real estate or reside onsite. Great add on for local operators or for first time operators.



  • Near new building with 62 units and 47 in the letting pool

  • Upside with growth in rents and NO Repairs & Maintenance or "other" income in the P&L

  • Ideal size business with manageable caretaking workload

  • Rooftop recreation area but NO pool or BBQ to maintain

  • Business could easily be run by one person

  • Long term remaining of accomodation agreements

  • Beautiful leafy location with all the amenity tenants could need nearby

  • Property inspections are by appointment only

Date updated: 02 Jun 2021 13:00:06

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $150,739 Remuneration / Body Corp Salary: $62,220

Managers Unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 62Total Units in Letting Pool: 47Holiday Units: 47Owner Occupy Units: 15Agreement Term Remaining: 25 years
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