Griffin, Queensland

BRISBANE'S BEST OPPORTUNITY FOR EXPERIENCED OPERATOR TO MAKE HUGE GAINS | Resort Brokers ID : MR006949

$2,385,000

Property Description

Ideal permanent established management rights businesses with high net income that would suit a husband & wife operator or an experienced management team. The complexes offer affordable townhouses that are extremely attractive to tenants and are always in high demand.



  • 114 units across two complexes producing a solid $350,052 net income

  • Very reasonable multiplier for permanent management rights of this size and scale with 14.6% ROI

  • 92 units in the letting pool with some outside agents to lure back offering upside

  • Low rents make for high occupancy and your pick of quality tenants

  • Both complexes developed by Phillip Usher

  • Property inspections are by appointment only

Date updated: 22 Oct 2021 22:00:07

Property Summary

Business Snapshot

Price: $2,385,000 Net Profit: $350,052 Remuneration / Body Corp Salary: $151,493

Managers Unit

Value of Managers Apartment: $495,000Bedrooms: 4Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 114Total Units in Letting Pool: 92Holiday Units: 92Owner Occupy Units: 6Outside Agent Units: 7Agreement Term Remaining: 20 years
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