Fortitude Valley, Queensland

Business For Sale - Best of Brisbane - ID 8553 BL

$2,430,089

Property Description

Brisbane Management Rights For Sale
Fortitude Valley

- Opportunity to secure Management Rights in popular Fortitude Valley
- 49 apartments in the letting pool, mix of holiday and permanent
- Onsite facilities include sauna, BBQ, gym and security parking
- No gardens to tend and no pool to clean
- 22.5 years remaining on Accommodation Module agreements
- Tastefully refurbished manager's studio apartment with double glazed windows and gourmet kitchen
- Offices and reception also on title

Located in Fortitude Valley, Brisbane's entertainment precinct, you will find eclectic cafes, restaurants, night clubs, pubs and China Town within 500 metres of the front door.

Net Profit: $371,715
Asking Price: $2,430,089
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Brisbane Management Rights business for sale contact:

Management Rights Brokers:

Lyn Pearsall & Peter Ross

Property Summary

Business Snapshot

Price: $2,430,089 Net Profit: $371,175 Remuneration / Body Corp Salary: $117,259Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $460,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: On Title
Tastefully renovated one bedroom apartment, Gourmet kitchen, Positioned on the ground floor

Complex Information

Complex Type: MixedTotal Units in Complex: 82Total Units in Letting Pool: 49Holiday Units: 29Permanent Units: 20Owner Occupy Units: 17Outside Agent Units: 15Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsSauna: YesGym: YesBBQ Area: Yes
Marketing Agent
Listing location
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