Fitzgibbon, Queensland
Outstanding Opportunity for the First Timer!
SOLD
Business Description
First Timer or Looking for Semi retirement then take a closer look!
This complex presents an outstanding opportunity for a young couple to make their first foray into management rights. You won't find a better starter complex. Or someone looking at semi-retirement. Easily run by one person part time allowing a couple to still have other jobs for extra income.
This permanent management rights business is located on the Northern side of Brisbane. As new residential development consisting of 46 attractive town houses which are situated close to schools, public transport, shopping, sport and recreation facilities. With 40 in the rental pool with low maintenance grounds, can easily be managed part time by one or in conjunction with another job. The current manager has a second job.
The manager's home is a large 3 bedrooms plus office town house. It includes 2 bathrooms separate laundry, garage, attractive quiet yard with quality kitchen appliances and dual access office. It is located towards the middle of the complex away from the main entry.
Predominately interstate investor owners.
The complex workload is very small with No pool and No BBQ area.
Long agreements!
Manager or manager's agent must live onsite. For additional information or to arrange an inspection please contact the agent. David Janett Mike Clark David Jiang
Don't miss this outstanding opportunity to buy with a reasonable multiplier!
Business Summary
Key Investment Insights
Key Insights:
1. Great opportunity for a young couple to enter the management rights business.
2. Also suitable for someone looking for semi-retirement.
3. Low maintenance complex with only 40 units in the rental pool.
4. Manager's home is a large 3 bedroom townhouse with modern appliances and a separate office.
5. Majority of owners are interstate investors.
6. No pool or BBQ area, making workload small.
7. Long agreements in place.
8. Manager or manager's agent must live onsite.
9. Reasonable multiplier for purchase price.
10. Located in a desirable area with easy access to schools, public transport, shopping, and recreation facilities.
