Redcliffe, Queensland
@ beautiful Complexes at Redcliffe
SOLD
Business Description
Opportunity Knocks: Management rights for sale across two complexes.
The current managers are looking to retire, opening the door to this fantastic venture. With both committees running smoothly and minimal workload, this is your chance to step into an established success story.
Situated in close proximity, these two complexes offer a seamless operation. One of them is located in the charming area of Margate, enhancing your investment potential. Don't miss the chance to see it for yourself; we promise you won't be disappointed.
The total package, which includes both complexes, is priced at $449,000, offering an attractive income of $93,846. In addition, the current managers also own a desirable unit within one of the complexes which is available for purchase separately, although not required. Please note that this unit is not included in the listed price.
As a bonus, there's an additional rental property in Scarborough, although its figures are not part of the Profit & Loss statement, it's included in the overall package.
This is your golden opportunity to step into a well-established Management Rights business.
Please contact Robert Collins, Exclusive Agent, on ---------- or ----------
Business Summary
Business Snapshot
Price: SOLD
Net Profit: $93,846 Remuneration / Body Corp Salary: $65,270
Complex Information
Complex Type: PermanentTotal Units in Complex: 45Total Units in Letting Pool: 13Owner Occupy Units: 32Outside Agent Units: 6Agreement Term: 25 yearsAgreement Term Remaining: 23 years
Key Investment Insights
1. Established and successful management rights business for sale across two complexes.
2. Current managers looking to retire, providing an opportunity for new owners to step in.
3. Minimal workload and smooth running committees in both complexes.
4. Located in the desirable and charming area of Margate, enhancing investment potential.
5. Total package price of $449,000 with attractive income of $93,846.
6. Optional purchase of desirable unit within one of the complexes for separate price.
7. Additional rental property in Scarborough included in overall package.
8. Opportunity to step into a well-established business with potential for growth.
9. Permanent complex type with 45 units, 13 in letting pool and 32 owner-occupied.
10. Agreement term of 25 years with 23 years remaining.
11. For more information, contact exclusive agent Robert Collins.
