South Brisbane, Queensland

Permanent South Brisbane MLR with NOP over $370K & plenty of upside opportunity! | Resort Brokers ID : MR008060

$3,028,562

Business Description

Secure a profitable Management Rights & associated real estate business in central South Brisbane, which has potential for growth, no set office hours and long tenure on agreements.

- Striking mid-size complex offering 141 apartments with 59 in on-site letting pool
- Verified net profit of $373,927 by industry accountant
- Body Corporate salary $219,702 p.a.
- Over 21 years remaining on Caretaking and Letting Agreements
- No set office hours giving flexible lifestyle opportunity for incoming managers
- Spacious 2B/ 2B bath manager's unit with attached 27sqm office - $785,000
- Manager required to live on-site
- Permanent complex with no short term lettings
- Prime location close to key amenity, transport, entertainment & employment hubs
- All inspections by appointment only
Date updated: 03 Mar 2024 22:00:18

Business Summary

Business Snapshot

Price: $3,028,562 Net Profit: $373,927 Remuneration / Body Corp Salary: $219,702

Managers Unit

Value of Managers Apartment: $785,000Bedrooms: 2Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 141Total Units in Letting Pool: 59Owner Occupy Units: 81Agreement Term Remaining: 25 years
Marketing Agent
Listing location

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