New Farm, Queensland

Boutique Business Only Management Rights w/ $88k net– New Farm | Resort Brokers ID : MR008079

$475,000

Business Description

Explore the rare chance to acquire the business-only management rights to Duo at New Farm, a modern apartment complex in the vibrant riverside suburb of New Farm.

ResortBrokers presents an outstanding and affordable opportunity moments from Brisbane CBD, Duo at New Farm consists of 42 units with 8 in the letting pool, a solid net profit of $88,250 net profit and minimal duties across the apartments with no pool, gym or bbq area.

This is an ideal "add-on" for astute operators, so act fast to enjoy true flexibility with no set office hours nor any requirement to own real estate or live onsite.

Don't miss out on this centrally located management rights opportunity!

- Boutique Business Only Management Rights
- 42 Apartments with 8 in the letting pool
- Minimal duties - no pool, gym or bbq area
- No office hours stipulated
- No requirement to live onsite or own a unit
- Brand new 24 year agreements (Drafted in 2022)
- Prime location in New Farm
- Inspection by appointment only
Date updated: 26 Feb 2024 22:00:02

Business Summary

Business Snapshot

Price: $475,000 Net Profit: $88,250 Remuneration / Body Corp Salary: $69,481

Managers Unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 42Total Units in Letting Pool: 9Owner Occupy Units: 29Outside Agent Units: 4Agreement Term Remaining: 24 years
Marketing Agent
Listing location

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