South Brisbane, Queensland
Brisbane Permanent Inner City Permanent MLR with $370K Net Profit! | Resort Brokers ID : MR008237
Under Contract / Offer
Business Description
Price Reduced! Fantastic opportunity to secure a profitable business with associated office and apartment in a central location of vibrant South Brisbane/West End border! The management rights to Canvas offers potential for growth with work flexibility 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: 15 Sep 2024 23:00:07
Business Summary
Business Snapshot
Price: Under Contract / Offer
Net Profit: $373,927 Remuneration / Body Corp Salary: $219,702
Managers Unit
Value of Managers Apartment: $785,000Bedrooms: 2Bathrooms: 2Office: On TitleComplex Information
Complex Type: PermanentTotal Units in Complex: 141Total Units in Letting Pool: 59Owner Occupy Units: 81Agreement Term Remaining: 25 years
