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
Business Snapshot
Price: $980,000
Net Profit: $179,382
Complex Information
Complex Type: n/a
Key Investment Insights
Key Features
- 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
