Manly West, Queensland
NEWLY ESTABLISHED PERMANENT MANAGEMENT RIGHTS PORTFOLIO BUSINESS ONLY
$850,000
Business Description
RCA EXCLUSIVELY PRESENT FOR SALE THE ESTABLISHED NEW MANAGEMENT AND LETTING RIGHTS AT BELLA AT MANLY AND BROOKE RESIDENCES AT ALGESTER WITH NO MANAGERS RESIDENCE OR OFFICE TO BUY
+ Developed by Visie Properties
+ Established near new 82 total townhouse portfolio in Manly West and Algester
+ Already completed, setup and running
+ Body corp caretaking salary of $83,602 per annum
+ Permanent only business with accountant verified $169,540 nett income per annum
+ Approximately 24 and 23 years remaining on 25 year agreements.
+ NO MANAGERS RESIDENCE OR OFFICE TO BUY. BUSINESS ONLY.
+ Great location in Manly West and Algester
+ Built in 2024 and 2023
DON’T MISS OUT ON THIS INCREDIBLE NEWLY ESTABLISHED MANAGEMENT RIGHTS OPPORTUNITY. REQUEST INFORMATION MEMORANDUM FOR MORE DETAILS ON THIS PROPERTY.
CONTACT RCA FOR MORE DETAILS
Business Summary
Business Snapshot
Price: $850,000
Net Profit: $169,540 Remuneration / Body Corp Salary: $83,602
Managers Unit
NO UNIT TO BUY
Complex Information
Complex Type: PermanentTotal Units in Complex: 82Total Units in Letting Pool: 25Agreement Term: 25 yearsAgreement Term Remaining: Approximately 24 & 23 years
Key Investment Insights
Key Insights:
1. Newly established permanent management rights portfolio in Manly West and Algester.
2. Developed by Visie Properties, a reputable property developer.
3. Body corporate caretaking salary of $83,602 per annum.
4. Accountant verified net income of $169,540 per annum.
5. Approximately 24 and 23 years remaining on 25 year agreements.
6. No managers residence or office to buy - business only.
7. Great location in growing and desirable suburbs.
8. Built in 2024 and 2023, ensuring modern and well-maintained properties.
9. Permanent only business, providing consistent and reliable income.
10. Opportunity for growth and expansion with 57 units still available for letting.
