Richlands, Queensland
Asking $2.35M, Permanent and Big Nett Income in West Brisbane
SOLD
Business Description
Net income $300,800 Permanent Management Right in Brisbane's Western Suburb
Richlands is situated approximately 15 kilometres from the Brisbane CBD and occupies a prime position within South East Queenslands western growth corridor, arguably one of the south-western corridors most accessible suburbs. Richlands is located at the cross over of the Ipswich Motorway M7, Centenary Motorway M5 and direct access to the Logan Motorway, Brisbane Airport and the Port of Brisbane.
Located in sought after and leafy Southwest suburb of Richlands with all the big name retailers on your doorstep
Short walk to Richlands Plaza and Woolworth in minutes, close to all the necessary amenities, dining, shopping, beauty & health and an easy stroll to Richlands Train Station
15 min ride to Sunnybank Hills
20 min to Garden City Westfield
25 min to South Bank Parklands
Well presented complexes
Big nett income $308,000 annually
Permanent management rights business
Very well run business, all procedures documented
No set office hours and well-presented on title office
Investor complex in rental area, less owner-occupiers
Body Corporate very good and supportive to work with
Long agreement, still 21 years and 23 years left on agreements
Great manager remuneration $123,676 with annual adjustment of CPI
Complex very popular with renters, since ideal location and good rental
Two spacious manager units - First - three bedrooms, two bathrooms, single garage and attached on title office; Second - three bedrooms, two bathrooms, double garage
Extra rental income on second manager unit about $18,000 annually
Simply, Neat and Tidy! Come and take a look we are sure you will be impressed!!
Business Summary
Key Investment Insights
AI generated. Confirm details with the seller.
1. Prime location in Brisbane's western growth corridor with easy access to major motorways and amenities.
2. Well-presented complexes with a high nett income of $300,800 annually.
3. Permanent management rights business with documented procedures and no set office hours.
4. Strong rental demand in the area, making it an ideal investment opportunity.
5. Supportive and cooperative Body Corporate.
6. Long agreements with 21 and 23 years remaining.
7. Manager remuneration of $123,676 with annual CPI adjustment.
8. Two spacious manager units with potential for extra rental income.
9. Neat and tidy complex with potential for further growth and development.
10. Close proximity to major shopping centers, dining, and entertainment options.
