Upper Mount Gravatt, Queensland
Caretaking Only Management Rights @ Garden City
SOLD
Business Description
Great Complex
The near new apartments complex is situated in Upper Mt. Gravatt, a rapidly growing and sought-after suburb. Good rental $400 to $450 per week and very popular for renters.
- No Office Hours
- Not Required to Live On-Site
- No Lettings
- Separate and Exclusive-use Office
- Huge Upside on lettings
Superb Location
Full of convenience, in a vibrant neighbourhood, close to everything, Shopping Centres, Resturants & Cafes, Bus, Schools,
Day Care and etc
- 2 minutes walking to The Village Shopping Centre, with Coles supermarket
- 10 minutes walking to Westfield Garden City
- 5 minutes ride to Sunnybank Plaza & Market Square
- Major public transport hub, with all city and local bus lines
Great Remuneration - $48,045 with annual adjustment of 3.5% or CPI in Dec, which is greater
Long Agreement - Still 23 years left on agreement.
"CLEAN" Income Page
No any income included from Repairs and Maintenance, Cleaning … Great income upsides potentials!
If you want to buy a solid income business, it ticks all your boxes, please book your inspection immediately with our NEXT team.
Business Summary
Key Investment Insights
Key insights for this business for sale listing include:
1. Located in a rapidly growing and sought-after suburb, providing a strong demand for rental properties.
2. No office hours or requirement to live on-site, allowing for a flexible and low-maintenance management role.
3. No lettings involved, making it a caretaking-only management rights opportunity.
4. Separate and exclusive-use office space provided for the manager.
5. Potential for significant upside in lettings, providing room for growth and increased income.
6. Superb location, close to shopping centers, restaurants, public transportation, and other amenities.
7. Long agreement with 23 years remaining, providing stability and security for the manager.
8. Great remuneration with annual adjustments of 3.5% or CPI in December.
9. "Clean" income page with no additional income from repairs and maintenance or cleaning, providing potential for additional income streams.
10. Solid income business with strong potential for growth and a desirable location.
