Toowong, Queensland
Asking $5.03M, Rare Opportunity! Iconic Building and Corporate Management Rights for Sale
SOLD
Business Description
• Great income $702,956, mix of corporate and permanent letting management rights
• Perfectly located in the prestigious heart of Toowong, offering inner west and riverfront charm
• Walk to Toowong Village in minutes, close to all the necessary amenities, vibrant and distinctive award-winning dining, shopping, beauty, health & wellbeing precinct
• Very well run complex, all procedures documented, Body Corporate very good and supportive to work with
• All hardwork in building done for re-painting, re-carpet, hot water system, brand-new lifts and very healthy sinking fund
• Fantastic Body Corporate salary of $140K with annual adjustment of CPI
• Well established and steady business in recent 10 years from UQ, Wesley Hospital and Corporate travellers to Brisbane
• Long 22 years agreements in place, Top up and Gallery Vie Clause done last year
• Complex very popular with renters, so close to all the public transport this makes it ideal for city riverfront lifestyle
• Modern and spacious manager residence comprises three bedrooms plus large study, two bathrooms, lounge/dining room, kitchen, laundry, attached office/reception on title, large outdoor entertaining yard as well as large basement storage and car space on title
• Come on in and reap the rewards that this fantastic offering has to offer
• This is Goldilocks complex, offering a great lifestyle and solid business. Just Right!
To require more information and book an inspection, please contact NEXT's exclusive agents,
David Jiang by ---------- or ----------
David Janett by ---------- or ----------
Business Summary
Key Investment Insights
Key Insights:
1. Great income of $702,956, with a mix of corporate and permanent letting management rights.
2. Perfectly located in the prestigious heart of Toowong, offering inner west and riverfront charm.
3. Walking distance to Toowong Village and close to all necessary amenities, including award-winning dining, shopping, and health & wellbeing precincts.
4. Well-managed complex with all procedures documented and a supportive Body Corporate.
5. Recent upgrades to the building including re-painting, re-carpeting, hot water system, and brand-new lifts, with a healthy sinking fund.
6. Fantastic Body Corporate salary of $140K with annual adjustment of CPI.
7. Established and steady business with a strong client base from UQ, Wesley Hospital, and corporate travelers to Brisbane.
8. Long 22-year agreements in place with Top Up and Gallery Vie Clause completed last year.
9. Popular complex with renters due to its close proximity to public transport, making it ideal for a city riverfront lifestyle.
10. Modern and spacious manager residence with three bedrooms, two bathrooms, and attached office/reception on title, as well as large outdoor entertaining yard and basement storage and car space.
11. Goldilocks complex, offering a great lifestyle and solid business.
12. Exclusive agents available for more information and to book an inspection.
