West End, Queensland
Solid Permanent MR, Large Remuneration and Three Beds Manager Residence in West End
$1,280k on MR Business + 3 Beds MU on Valuation
Business Description
In a prime location on the centre of West End this business ticks all the boxes whilst providing opportunity to grow the business.
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.
- SOLID Business permanent management rights with Nett $241,620
- Fantastic Body Corporate salary of $161,257, with annual increase by CPI, every June
- Very well run complex and well established and steady business, all procedures documented
- Complex very popular with tenants
- 32 lettings, not a big letting pool to give you an undisturbed lifestyle
- Spacious separate office on ground floor, be contactable during normal hours
- Large stunning three beds manager residence (Price on Latest Valuation by Bank Panel Industry Specialist)
- No requirement to reside on site on agreements
If you want to buy a solid management right business and urban lifestyle, it ticks all your boxes, please book your inspection immediately.
Business Summary
Key Investment Insights
1. Prime location in the centre of West End with easy access to amenities and attractions such as the riverfront boardwalk, CityCat ferry service, South Bank Parklands, and West End's restaurant, cafe, and bar precinct.
2. Modern high-tech security and lift access from the basement car park.
3. Well-established and steady business with documented procedures and a popular complex with tenants.
4. Solid permanent management rights with a Nett income of $241,620.
5. Fantastic Body Corporate salary of $161,257 with annual increase by CPI every June.
6. Small letting pool of 32 units, providing an undisturbed lifestyle for the manager.
7. Spacious separate office on the ground floor for easy contact during normal hours.
8. Large and stunning three-bedroom manager residence with a price determined by the latest valuation by a bank panel industry specialist.
9. No requirement to reside on site as per agreements.
10. Perfect opportunity for someone looking to purchase a solid management rights business and enjoy an urban lifestyle in a desirable location.
