Spring Hill, Queensland

Solid Permanent and Large Residence in Spring Hill

$1,398,000

Business Description

Nett Income $147,771, with Large Manager Residence $600,000, Total Asking for $1,398,000

In a prime location on the top of Spring Hill this business ticks all the boxes whilst providing opportunity to grow the business

Perfectly located complex benefits from quick access to a range of restaurants, shops and entertainment areas, Fortitude Valley, major Brisbane hospitals, Brisbane Convention & Exhibition Centre, RNA Showgrounds, Southbank and Suncorp Stadium.
Close to everything
Only 3 minutes to Roma Street Parklands and St Andrews Hospital
5 minutes walk to Boys and Girls Grammar, Wickham Terrace medical precinct and Queen Street
Bus station is just on the doorstep, also free Inner City Loop bus operates around

Long agreement 24 years left on a 25 years accommodation module
Fantastic Body Corporate salary of $95,204 with annual increase of CPI
Body Corporate very good and supportive to work with
Very well run complex Well established and steady business, all procedures documented
Complex very popular with the tenants

All the BC's hard work has been done, the pool, exterior podium level and the common areas have also undergone a sleek and modern refurbishment and the result is stunning.
Now is the time to reap the rewards!

Modern and spacious manager residence comprises two bedrooms, two bathrooms, large open plan living/lounge/dining room, kitchen, laundry and large storage and two car spaces
Detached office on ground floor

If you want to buy a sustainable & solid income and lifestyle business, it ticks all your boxes, please book your inspection immediately with our NEXT team.

Business Summary

Managers Unit

Complex Information

Marketing Agent
David Jiang
David Jiang

Next Business & Property Sales

Next Business & Property Sales

Key Investment Insights

Key Insights:

1. Prime location in Spring Hill with quick access to a range of amenities and entertainment areas.
2. Well-established and steady business with a long agreement of 24 years left on a 25 year accommodation module.
3. Strong Body Corporate salary of $95,204 with annual increase of CPI.
4. Modern and spacious manager residence with two bedrooms, two bathrooms, and two car spaces.
5. Detached office on ground floor.
6. Complex has undergone a sleek and modern refurbishment, making it popular with tenants.
7. Opportunity for growth and potential to increase income.
8. Supportive and well-run Body Corporate.
9. Close proximity to major Brisbane hospitals, convention center, and other popular attractions.
10. Perfect for those seeking a sustainable and solid income and lifestyle business.
Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Management Rights For Sale

You may also like

KANGAROO POINT'S MOST DESIRABLE PERMANENT COMPLEX | Resort Brokers ID : MR008148
ResortBrokers
KANGAROO POINT'S MOST DESIRABLE PERMANENT...

KANGAROO POINT

$1,265,115

Net Income: $126,046
Managers Estate: $950,000 2 Bed 2 Bath
Letting Pool: 49
Remuneration: $110,834

Profitable & Flexible. Management Rights - Manly West and Tingalpa - $167k net | Resort Brokers ID : MR008027
ResortBrokers
Profitable & Flexible. Management Rig...

TINGALPA

Under Contract / Offer

Net Income: $167,694
Managers Estate: $620,000 3 Bed 2 Bath
Letting Pool: 45
Remuneration:

Bayside Beauty - Management Rights for sale with $128k nett
Ras360
Bayside Beauty - Management Rights for sale...

MANLY WEST

$519k MR & $849k Unit = Total $1.368M

Net Income: $128,345
Managers Estate: - 3 Bed 2 Bath
Letting Pool: 58
Remuneration: $96,663

Big Nett with Large Remuneration and One Bed Manager Residence
Next Business & Property Sales
Big Nett with Large Remuneration and One...

BULIMBA

Business $1,454,055 + One Bed Manager Unit

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Very busy  22 room Motel Leasehold
Acacia Terraces - 1P6057
Strategic Location Christchurch Central
An Excellent Freehold Going Concern Motel - 1450MF
Another $70,000 Price Reduction - ID 9134
near Bribie  Island
High profit management rights- Short Term Accom in Fortitude Valley -  $521K net | Resort Brokers ID : MR008356
Acquire a premier Main Beach OTP | Resort Brokers ID : OTP008349
BRAND NEW HIGH QUALITY MIXED USE MANAGEMENT RIGHTS OVERLOOKING KIRRA BEACH | Resort Brokers ID : MRB008362
Seeking a dedicated and proactive Building Manager (contractor)
Enviable Lifestyle with a Reliable Cashflow
Freehold Business in Lambton for $3.25M, Developers Dream - 125HF
Large & Profitable in Napier
Lake Boga Pub - 1P6058
Exceptional FHGC Caravan Park for Sale in Historic Charters Towers - 1056CPF
EASY Business and LARGE Remuneration with 3% annual increase!
Byron Bay Boutique Beachside Lifestyle Business | Resort Brokers ID : MR008358
TWO SIDE-BY-SIDE PERMANENTS NETTING $583K FOR 4.8X MULTIPLIER | Resort Brokers ID : MR008354