West End, Queensland
3% Salary Increase and No Living-onsite Permanent Business in West End
Under Contract / Offer
Business Description
MLR Business Asking for $1,666,000 on Net Income $290,472
Manager Residence is a large 2/2/1 apartment plus on-title office at $800,000
High quality complex, perfectly located in the prestigious heart of West End, sought after nature environment for quality lifestyle, walking distance to South Bank Park and CBD in 15 - 20 minutes. Close 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
- Great Building with all one or two beds units in West End/South Brisbane Area
- Great remuneration $128,577 with annual increase of CPI or 3% in every July, which is greater
- Very solid P&L statement (Verified by industry specialist accountant)
- 20 years left on Caretaker/Letting Agreements
- Manager Residence - A large 2/2/1 Apartment, plus a large office on title,
- No requirement of residing onsite, manager unit has been tenanted with a weekly rent of $780
- No offices hours, be contactable during normal hours
- Close to West End/South Brisbane Precinct also Brisbane State High Catchment
If you want to buy a great management right business and beautiful lifestyle, it ticks all your boxes, please book your inspection immediately with NEXT team.
Business Summary
Key Investment Insights
1. High quality complex located in prestigious West End area.
2. Walking distance to South Bank Park and CBD.
3. Close to necessary amenities and vibrant dining, shopping, and entertainment precincts.
4. Manager residence is a large 2/2/1 apartment with on-title office.
5. No requirement to reside onsite, manager unit is currently tenanted.
6. Solid P&L statement verified by industry specialist accountant.
7. 20 years left on Caretaker/Letting Agreements.
8. Great remuneration with annual increase of CPI or 3% in July.
9. No office hours, only need to be contactable during normal hours.
10. Located in Brisbane State High Catchment area.
