Chermside, Queensland

Business Only Opportunity Plus A Permanent Townhouse Complex in Chermside

Expression of Interest

Property Description

• An exceptional opportunity for a combined purchase of 2 permanent management rights in Chermside
• Only one manager unit to buy
• Very manageable caretaking
• No set office hours
• Long agreement terms, respective 21 years & 19 years remaining
• Total units: 37+25
• Units in letting pool : 26+9
• Booming rental demands with great potentials to expand the letting pool and other income

Property Summary

Business Snapshot

Price: Expression of Interest Net Profit: $151,557 Remuneration / Body Corp Salary: $79,624Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $660,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 62Total Units in Letting Pool: 35Permanent Units: 35Agreement Module: StandardAgreement Term: 25 yearsAgreement Term Remaining: 21/19 yearsPool: Yes