Coorparoo, Queensland

PROMINENT LARGE-SCALE PERMANENT MLR 5KM FROM CITY WITH NET OVER $770K | Resort Brokers ID : MR008239

Under Contract / Offer

Business Description

ResortBrokers presents an exclusive opportunity to acquire the coveted management rights and associated real estate to Coorparoo Square, located 5km from Brisbane's city centre. This is one of the largest permanent businesses on the Southside! A commanding business investment offering a lucrative return underpinned by a solid Body Corporate salary and an established letting pool with room for expansion. Be quick to enquire and book an inspection to secure.

- Prominent three tower complex on Old Cleveland Road
- Comprises a total of 366 apartments
- Current onsite letting pool of 151 managements
- Body Corporate salary of $604,096 p.a. plus GST
- Significant amount of outside agents to convert back into pool
- Long term remaining on 25 year C&L agreements - two towers recently topped up
- Manager's 3 bedroom apartment & 3 separate offices on title - $1.26m
- Great onsite facilities - swimming pool, tennis court, gym, outdoor areas & common rooms
- Mix of apartment types attracting broad range of tenants
- Proximity to CBD with major transport options on doorstep and close to employment nodes
- Extensive retail with cinema, supermarkets, cafes and dining options
- An unmissable high net MLR in city-fringe Brisbane!
- Expressions of Interest with offers over $6.1m
- All inspections by appointment only


Date updated: 21 Jul 2024 23:00:09

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $772,380 Remuneration / Body Corp Salary: $604,097

Managers Unit

Value of Managers Apartment: $1,260,000Bedrooms: 2Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 366Total Units in Letting Pool: 151Owner Occupy Units: 214Agreement Term Remaining: 25 years
Marketing Agent
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