Nundah, Queensland

Lower Multiplier Down to 3.38 Brisbane North – ID 9137

SOLD

Business Description

Permanent Management Rights for Sale
No Requirement to Live Onsite & Negotiable

- Perfect operation in place, easy for new manager to continue seamlessly

- No set office hours, allowing for simple and flexible work at your own pace

- Stable, high-percentage Body Corporate salary: $122,548 plus GST

- High net profit: $163,500

- 25-year agreement with more than 23 years remaining

- All permanent rentals: 22 units in the letting pool, 11 managed by outside agents

- Spacious, modern 2-bedroom, 2-bathroom apartment with 2 secure car spaces, air conditioning, multiple balconies, and a large, attached office (can serve as a 3rd bedroom), totaling over 120 square meters

- Solar panels installed for reduced electricity costs

- Every detail is in excellent condition—rare to find a manager’s unit of this quality on the market

- Second professional office near the pool area and plenty of storage

- Beautiful, peaceful, and quality complex in a convenient location

- Urgent sale due to private reasons—all reasonable offers considered

- Price guide: low to mid one million (including the 2-bedroom apartment with attached office)

- No requirement to live onsite - negotiable

- Low multiplier: reduced to 3.38

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

Management Rights Broker
Bill He

Property Code: 875

Business Summary