West End, Queensland

Business Only Permanent Business in West End Area

$760,000

Business Description

- Asking $760,000
- Two MRs in One for Sale, with a distance of 2km, just 5mins riding, very handy
- Large Income $138,309, verified by industry specialist accountant
- Well- presented complex provides the perfect environment to relax in
- Very well-run business, all procedures documented
- Body Corporate very fantastic and supportive to work with
- Long agreement 20 years left on a 25 years accommodation module
- Great remuneration $106,615 with annual adjustment of CPI
- Small letting pool - only 10 lettings in the pool in total
- The turnover of tenants is very low, keeping inspections and paperwork to a minimum
- No Office Hours
- No Real Estate Associated

Book your private inspection with Exclusive Agent, David Jiang from NEXT Realty!

Business Summary

Complex Information

Marketing Agent

David Jiang

0481500....

Next Business & Property Sales

Key Investment Insights

1. Asking price $760,000 for a business-only sale in the West End area.
2. Two MRs offered together, located 2 km apart, approximately 5 minutes riding, close proximity for operational convenience.
3. Verified large income $138,309, confirmed by an industry specialist accountant.
4. Strong owner remuneration $106,615 with annual CPI adjustment.
5. Long-term accommodation module agreement, 20 years remaining of a 25-year term, providing income stability.
6. Well-presented complex offering a relaxing environment for guests.
7. Very well-run operation with all procedures documented, easing transition and training.
8. Small letting pool with only 10 lettings in total, enabling focused management.
9. Very low tenant turnover, minimising inspections and paperwork.
10. No office hours requirement, implying flexible management or low on-site staffing needs.
11. No association with real estate, likely simplifying operations and revenue streams.
12. Body corporate described as very supportive, providing positive stakeholder relations.