Spring Hill, Queensland

Brisbane CBD - Motivated Vendor

Expression of Interest

Property Description

• A well-maintained and easy-to-manage permanent residential complex
• In prime location of Brisbane CBD, within walking distance to all amenities
• No swimming pool, limited facitilies / garden work
• Very low maintenance, an ideal management rights business for a single operator to run
• Net profit over $129K, including 60% solid BC remuneration
• High rental demand for the complex and vacancies are easily filled when they arise
• Required to live onsite and adhere to the office hours as per the Caretaking Agreement

Property Summary

Business Snapshot

Price: Expression of Interest Net Profit: $129,086 Remuneration / Body Corp Salary: $77,113Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $540,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: n/aTotal Units in Complex: 56Total Units in Letting Pool: 22Permanent Units: 22Agreement Term: 25 yearsAgreement Term Remaining: 17 years
Marketing Agent
Si Chen
Si Chen

Onsite Management Rights

Onsite Management Rights

Listing location
Gallery

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