Teneriffe, Queensland

Exclusive Opportunity: High Net Business Only Management Rights in Teneriffe! | Resort Brokers ID : MRB008139

$1,756,722

Business Description

Unlock a golden opportunity with our exclusive business-only management rights in vibrant Teneriffe.

Boasting a verified net profit of $252,000, this modern mid-rise building is a lucrative venture in the highly sought-after and trendy suburb. With manageable duties (only a terrace and barbecue on the rooftop) and no on-site living requirements, enjoy a manager-friendly business that suits an existing operator looking to seriously level up! With a spacious office yet no stipulated office hours as well as flexibility in how the business is operated day to day, this business has long-term agreements ensuring stability and growth potential.

Businesses of this calibre don’t last long so contact us today to discuss this fantastic management rights business right in the heart of Teneriffe.

- Proven net profit of $252,787 independently verified by a trusted industry accountant
- Effortless management with only a rooftop barbecue area to maintain, no pool or gym
- Freedom and flexibility with no requirement to live on-site or purchase a unit, just an office that provides voting rights
- Spacious 32sqm ground level office with reception and storage and no mandated office hours
- Long-term security with 20 years remaining on the Caretaking and Letting agreements
- Modern complex built in 2014, comprising 111 apartments with 41 in the letting pool
- Promising growth potential with continued demand and rising rents
- Prime location in a highly desirable high-rise building in the heart of Teneriffe
- Inspections are by appointment only
Date updated: 07 Apr 2024 23:00:18

Business Summary

Business Snapshot

Price: $1,756,722 Net Profit: $252,787 Remuneration / Body Corp Salary: $159,038

Managers Unit

Value of Managers Apartment: $240,000Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 111Total Units in Letting Pool: 41Outside Agent Units: 6Agreement Term Remaining: 20 years
Marketing Agent
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