Fitzgibbon, Queensland

MR On Brisbane North Side

SOLD

Business Description

You will be the second owner of this Ausbuild complex . Close to all ammenities in a great location. Complex is easy to look after by one person. For an appointment please call Robert Collins Exclusive Agent on ---------- or ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $125,776 Remuneration / Body Corp Salary: $50,845

Managers Unit

Value of Managers Apartment: $399,000Bedrooms: 3

Complex Information

Complex Type: PermanentTotal Units in Complex: 46Total Units in Letting Pool: 40Owner Occupy Units: 4Agreement Term: 25 yearsAgreement Term Remaining: 22 years
Marketing Agent
Robert Collins
Robert Collins

RAAS Property Group

RAAS Property Group

Key Investment Insights

1. The business for sale is a management rights opportunity located on the Brisbane North Side.
2. The complex is an Ausbuild complex and the second owner will take over the management.
3. The location of the complex is close to all amenities, making it an attractive location for potential tenants.
4. The complex is easy to manage and can be handled by one person.
5. The current net profit for the business is $125,776.
6. The remuneration/body corp salary for the business is $50,845.
7. The value of the manager's apartment is $399,000 and it has 3 bedrooms.
8. The complex is a permanent type with a total of 46 units.
9. There are 40 units in the letting pool and 4 units are owner-occupied.
10. The agreement term for the management rights is 25 years, with 22 years remaining.
11. Interested parties can schedule an appointment with the exclusive agent, Robert Collins, by calling the provided phone numbers.

Management Rights Multiplier: 4.61
ROI Estimate: 21.69%

Listing location
Gallery

This Business is sold

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