West End, Queensland

3% Salary Increase and No Living-onsite Permanent Business in West End

SOLD

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

Complex Information

Marketing Agent

David Jiang

0481500....

Next Business & Property Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Asking price $1,666,000 on verified net income $290,472, indicating an established earnings base.
2. Manager remuneration $128,577, with annual increase of CPI or 3% in July, whichever is greater.
3. Very solid P&L statement, verified by an industry specialist accountant, supporting financial credibility.
4. 20 years remaining on Caretaker/Letting Agreements, providing long-term contract security.
5. Manager residence described as a large 2/2/1 apartment plus an on-title office, valued at $800,000.
6. No requirement to reside onsite, with the manager unit currently tenanted at $780 per week, providing rental flexibility and income.
7. No office hours requirement, only need to be contactable during normal hours, reducing day-to-day operational burden.
8. Located in the prestigious heart of West End, sought-after nature environment and lifestyle appeal.
9. Short walking distance to South Bank Park and a 15 to 20 minute walk to the CBD, close to Conference & Exhibition Centre, Museum and Gallery.
10. Proximity to vibrant dining, shopping, beauty, health and wellbeing precincts, plus West End Commercial Street and Brisbane State High catchment, enhancing tenant and manager appeal.