West End, Queensland
Business Only Permanent Management Rights in West End
SOLD
Business Description
The apartments were built circa 2009, offers creative living in West End. And presents refined living in West End of 2 and 3 bedroom apartments, courtyard apartments, only footsteps from new West End's Montague Markets.
In a prime location on the centre of West End this business ticks all the boxes whilst providing opportunity to grow the business.
Residents will relax and entertain at the spectacular residents' rooftop pool & recreation deck overlooking Brisbane CBD. The building has modern high-tech security and lift access from the basement car park. Across the street is the riverfront boardwalk with access to the CityCat high speed ferry service and a short walk to South Bank Parklands. At the door is the restaurant, cafe and bar precinct of West End.
The property also benefits from quick access to all the necessary amenities, only a short walk to Conference & Exhibition Centre, Museum, Gallery as well as all vibrant and distinctive award- winning dining, shopping, beauty, health & wellbeing precinct and an easy stroll to West End Commercial Street and West Village.
Key Features
- Business Only permanent management rights with Nett $277,923
- Fantastic Body Corporate salary of $176,106, with annual increase by CPI annually
- Very well run complex and well established and steady business, all procedures documented
- Long Agreements on accommodation module - 21+ years
- Complex very popular with tenants
- Small letting pool to give you an undisturbed lifestyle
- Spacious separate offices on ground floor, be contactable during normal hours
- No manager residence, no requirement to reside on site
If you want to buy a solid management right business and undisturbed lifestyle, it ticks all your boxes, please book your inspection immediately with Exclusive Agent - NEXT
Business Summary
Key Investment Insights
1. Prime location in the centre of West End with easy access to amenities and public transportation.
2. Well-established and steady business with documented procedures.
3. Long agreements on accommodation module with 21+ years remaining.
4. Small letting pool providing an undisturbed lifestyle.
5. Spacious separate offices on the ground floor for easy contact during normal hours.
6. No manager residence or requirement to reside on site.
7. Business only permanent management rights with a Nett income of $277,923.
8. Fantastic Body Corporate salary of $176,106 with annual CPI increases.
9. Popular complex with tenants.
10. Opportunity for growth and potential to increase income.
