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: 24 Sep 2021 23:00:06

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
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

MLR Located in the Heart of Moreton Bay District and the Moreton Bay Growth Corridor - 1P5311MR
CRE Brokers
MLR Located in the Heart of Moreton Bay...

PETRIE

Management Rights $925,000

Net Income: $111,600
Managers Estate: $425,000 3 Bed 2 Bath
Letting Pool: 47
Remuneration: $55,098

Redcliffe Caretaking Management Rights.
RAAS Group
Redcliffe Caretaking Management Rights.

REDCLIFFE

$950,000

Net Income: $100,822
Managers Estate: $550,000 3 Bed - Bath
Letting Pool: -
Remuneration: $100,822

Boondall Off The Plan MLR - Live Offsite !
Next Business & Property Sales
Boondall Off The Plan MLR - Live Offsite...

BOONDALL

Price drop $858,900

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Don’t Sit On The Fence Too Long While Property Price Are This Hot | Resort Brokers ID : MR006553
ResortBrokers
Don’t Sit On The Fence Too Long While...

BOONDALL

Under Contract / Offer

Net Income: $102,679
Managers Estate: $494,900 4 Bed 2 Bath
Letting Pool: 78
Remuneration: $78,000

Caretaking Only Management Rights
Synergy International Management Rights
Caretaking Only Management Rights

MURRUMBA DOWNS

Caretaking Only $865,000

Net Income: $88,921
Managers Estate: $425,000 3 Bed 2 Bath
Letting Pool: -
Remuneration: $88,921

Permanent Management Rights Conveniently close to Chermside!
Next Business & Property Sales
Permanent Management Rights Conveniently...

GEEBUNG

Offers over $900K

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration: $69,000

Business For Sale - Live the Bayside Lifestyle - ID 8957 BL
Prime location with high occupancy rates & net returns | Resort Brokers ID : LH006891
Quest Apartments - Regional Powerhouse, net profit over $1m | Resort Brokers ID : LH006917
Business For Sale - Lifestyle Permanent Management RIghts - ID 9031 BL
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
Low Multiplier - Realistic Vendor - Potential For Growth
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%