Sunnybank Hills, Queensland

MR Business for Sale: Central Location together with Solid Income in Sunnybank Hills, Brisbane.

$2,250,000

Property Description

- Location! Location! Location! This complex is ideally located in the heart of Sunnybank Hills within walking distances to shopping centre, schools, parks, Altandi Station and public transport.

-Large BC salary provides unique stability and is a perfect opportunity to secure a solid income and lifestyle business.

-First time on the market after 12 years due to operators pending retirement.

-Income has been verified by specialist management rights accountants, McAdam Siemon and covers period 1 May 20 to 30 April 21.

-Increase in BC salary effective 6 June 21 increases NOP to $298,628.00

-Remuneration / Body Corp Salary: $227,335 increases to $238,701 effective from 6 June 21.

-Body Corp salary review: 5% Annually June

Property Summary

Business Snapshot

Price: $2,250,000 Net Profit: $287,262 Remuneration / Body Corp Salary: $227,335Body corp salary review: Fixed %

Managers Unit

Value of Managers Apartment: $450,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On Title
Well presented managers unit with recent renovations to kitchen, bathrooms and flooring.

Complex Information

Complex Type: PermanentTotal Units in Complex: 79Total Units in Letting Pool: 23Permanent Units: 23Agreement Module: StandardAgreement Term: 25 yearsAgreement Term Remaining: 19 years
Marketing Agent
Elsfam Realty
Elsfam Realty

Elsfam Realty

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