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

Managers Unit

Complex Information

Marketing Agent
David Jiang
David Jiang

Next Business & Property Sales

Next Business & Property Sales

Key Investment Insights

Key insights for this business for sale listing include:

1. Prime location in a rapidly growing and sought-after suburb, with good rental rates and high demand from renters.

2. No office hours, no need to live on-site, and no lettings required, providing a low-stress management opportunity.

3. Separate and exclusive-use office space, allowing for efficient and professional management of the complex.

4. Significant potential for increased income through lettings, with a current remuneration of $48,045 and annual adjustments of 3.5% or CPI.

5. Long agreement with 23 years remaining, providing stability and security for the business.

6. Convenient location near shopping centers, restaurants, cafes, public transportation hubs, schools, and day care facilities.

7. "Clean" income page with no income included from repairs and maintenance or cleaning, offering potential for additional income streams.

8. Ideal for buyers seeking a solid income business with low maintenance and high potential for growth.

9. Book an inspection with the NEXT team to learn more about this opportunity.
Listing location
Gallery

This Business is sold

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