Chermside, Queensland

No Real Estate to buy - perfect addition to your existing portfolio. Established Buildings with significant upside to expand letting pool revenue.

SOLD

Business Description

Three long-term letting buildings sold as one. Two are side by side and one near nearby. There will be 5 year top ups on two and one toped up to 10 years. Vendor requests the assignment meeting first and the top ups will become part of the assignment document. Therefore no money spent by buyer until both buyer and committee are happy with each other. No unit to buy No office hours and no office on sight but plenty of storage room. Easily run from your existing location or home office by one person with time to spare. There is inventory for both office equipment and gardening included.

Owner wished move on after 8 years .No reasonable offer will be refused. The vendor is also happy with claw back and forward for rentals.
Please contact Robert Collins Exclusive Agent on ---------- or ----------
Or Mathew Anderson Exclusive Agent on ---------- or ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $214,071 Remuneration / Body Corp Salary: $187,306

Complex Information

Complex Type: PermanentTotal Units in Complex: 130Total Units in Letting Pool: 21Owner Occupy Units: 55Outside Agent Units: 53Agreement Term: 25 yearsAgreement Term Remaining: 18 years

Marketing Agent

Robert Collins

0404 67....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

Key Insights:

1. Three long-term letting buildings are being sold as one, providing a significant opportunity for expansion of the letting pool revenue.

2. The buildings are well-established and have been in operation for 8 years, providing a stable and reliable income stream.

3. The vendor is willing to negotiate and consider all reasonable offers, making this a potentially lucrative investment opportunity.

4. There is no real estate to buy, making this a low-cost investment with minimal upfront expenses.

5. The buildings are easily managed by one person, allowing for flexibility and potential for additional income streams.

6. The vendor is open to claw back and forward for rentals, providing added security for the buyer.

7. The buildings are located in close proximity to each other, making management and maintenance more efficient.

8. There is no office on site, reducing overhead costs and allowing for the business to be run remotely.

9. The complex has a mix of owner-occupied and rental units, providing a diverse and stable income stream.

10. The complex has a long agreement term remaining, providing stability and potential for long-term growth.