West End, Queensland

Looking for an entry into Management Rights in a great location? | Resort Brokers ID : MR007041

$724,000

Property Description

West Quarter in West End.... if you want a manageable complex with an affordable managers unit in the absolute heart of West End then this could be the opportunity you are waiting for. The properties shows a net profit of just over $62k from a current letting pool of 17 units. The body corporate salary is just under $44k. The building has recently had a major external repaint and is ready for the next manager to come in and make their mark. The property still has 23 years remaining on agreements and no fixed office hours.



  • Perfect entry point into the industry

  • Strong & consistent letting pool

  • Brisbane State High School catchment

  • Workload allows other business interests or a single person role

  • Genuine reason for sale

  • Property inspections are by appointment only

Date updated: 23 Jan 2022 22:00:10

Property Summary

Business Snapshot

Price: $724,000 Net Profit: $62,333 Remuneration / Body Corp Salary: $43,841

Managers Unit

Value of Managers Apartment: $449,000Bedrooms: 2Bathrooms: 1Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 44Total Units in Letting Pool: 17Holiday Units: 17Agreement Term Remaining: 23 years
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