South Brisbane, Queensland
Solid Income, Permanent GEM in South Brisbane
SOLD
Business Description
This is an outstanding opportunity to buy management rights in the ever popular South Brisbane. Close to everything, the complex is at the epicentre of South Brisbane's arts and cultural precinct and adjoining West End's eclectic dining and entertainment hub.
Asking for $1,999,720 in total on MR Business with Net Income $203,421 and well-presented Manager Residence
- Perfectly located in the prestigious heart of South Brisbane, close to all the necessary amenities, only a short walk to South Bank Park, Conference & Exhibition Centre, Museum, Gallery as well as all vibrant and distinctive award-winning dining, shopping, beauty, health & wellbeing precinct and an easy stroll to West End Commercial Street
- Very well run complex, all procedures documented
- Body Corporate very fantastic and supportive to work with
- A great manager remuneration $132,066 with annual adjustment of CPI
- Long agreement 23.5 years left on a 25 years accommodation module
- Modern and well-presented manager residence
- Large two beds and one formal study residence, spacious living/dining area, modern and open plan kitchen, two bathrooms, two carparks with large caged storage, big entertaining yard area
- Well-presented on-title office, no office hour
- There is no requirement on residing onsite, with easy rental of $650 per week
- Located within the Brisbane State High School and West End State School catchment area
- Ideal for a family or semi-retired couple looking for a solid income and great lifestyle
If you want to buy a solid management right business and beautiful lifestyle, it ticks all your boxes, please book your inspection immediately with NEXT team.
Business Summary
Key Investment Insights
1. Prime location in the prestigious heart of South Brisbane, close to all necessary amenities and popular attractions such as South Bank Park, Conference & Exhibition Centre, Museum, Gallery, and award-winning dining and shopping precincts.
2. Well-run complex with all procedures documented.
3. Supportive and fantastic Body Corporate.
4. Strong manager remuneration of $132,066 with annual CPI adjustments.
5. Long agreement of 23.5 years remaining on a 25-year accommodation module.
6. Modern and well-presented manager residence with spacious living areas, open plan kitchen, and entertaining yard.
7. On-title office with no office hours required.
8. No requirement to reside on-site, with potential for rental income of $650 per week.
9. Located within sought-after school catchment areas.
10. Ideal for a family or semi-retired couple looking for a solid income and great lifestyle.
