Chermside, Queensland

Almost No Facilities, Business Only - ID 9195

$980,000

Business Description

Permanent Management Rights for Sale
Net $178,052 - Prime Chermside Location

- No requirement to live onsite.

- No need to purchase real estate.

- No office hours required.

- No swimming pool to maintain.

- 25-year agreement with 21 years remaining.

- Strong income upside potential.

- Stable Body Corporate salary of $68,976 + GST, with annual CPI increases.

- Simple caretaking duties.

- Centrally located in convenient Chermside.

- Almost no garden.

- Garbage bin looked after by council.

- Net profit of $178,052.

- All permanent rentals with a letting pool of 36 units.

- Exclusive-use office and storage for the manager.

- Asking price: $980,000 only.

Simple, high-return business-only opportunity in Chermside you won’t want to miss!

Net Profit: $178,052
Asking Price: $980,000

For further information or to arrange an inspection of this business opportunity contact:
Management Rights Broker
Bill He

Property Code: 1001

Business Summary