48 Lisburn Street, East Brisbane, Queensland

Great Complex close to the city

SOLD

Business Description

Stanley Point is an ideal first complex to start one off into the management rights industry or an excellent add-on into a thriving management rights portfolio. This business boasts of both an internal letting pool and a growing external property management business.
This clean and tidy complex built in 2004 is easy to maintain and enjoys a modern style swimming pool.
The manager’s unit is a tidy 3 bedroom, 2 bathroom and has 2 car space; an ideal size to run a business.
This complex is ideally located just five minutes from The Gabba and the cafes and shops throughout the precinct. Coles is also just five minutes away. Stanley Point enjoys easy access to public transportation with the bus-stop right at its doorstep.
Start your career or grow it in Stanley Point.
Income is $100,000
Unit is $650,000
MR is $300000
Total $950000
Reduced to a low multiplier P&L done by a recognized MR accountant
All reasonable offers considered
Please contact Agent Robert Collins on ---------- or ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $100,000 Remuneration / Body Corp Salary: $61,622

Managers Unit

Value of Managers Apartment: $650,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 41Total Units in Letting Pool: 15Owner Occupy Units: 21Outside Agent Units: 5Agreement Term: 25 yearsAgreement Term Remaining: 17 years

Marketing Agent

Robert Collins

0404 67....

Ras360

Key Investment Insights

1. Ideal first complex for someone looking to enter the management rights industry or a great addition to an existing portfolio.
2. Internal letting pool and growing external property management business.
3. Clean and tidy complex built in 2004 with modern style swimming pool.
4. Manager's unit is a 3 bedroom, 2 bathroom with 2 car spaces.
5. Convenient location just 5 minutes from The Gabba, cafes, shops, and Coles.
6. Easy access to public transportation with bus stop at doorstep.
7. Income of $100,000 with potential for growth.
8. Manager's unit valued at $650,000.
9. Management rights valued at $300,000.
10. Total price of $950,000 with a low multiplier.
11. P&L done by a recognized MR accountant.
12. All reasonable offers considered.
13. Contact Agent Robert Collins for more information.
14. Business Snapshot: Price - SOLD, Net Profit - $100,000, Remuneration/Body Corp Salary - $61,622.
15. Manager's Unit: Value - $650,000, Bedrooms - 3, Bathrooms - 2, Car Spaces - 2.
16. Complex Information: Complex Type - Permanent, Total Units in Complex - 41, Total Units in Letting Pool - 15, Owner Occupy Units - 21, Outside Agent Units - 5, Agreement Term - 25 years, Agreement Term Remaining - 17 years.

Management Rights Multiplier: 3.00
ROI Estimate: 10.53%