Key Investment Insights
AI generated. Confirm details with the seller.
1. Premium West End inner city location, moments from cafés, restaurants, schools, parks, public transport and the Brisbane CBD.
2. Near new complex, only two years old, presenting in immaculate condition which implies low short to medium term maintenance.
3. Business only sale with no manager’s residence to purchase, creating a lower entry price and greater buyer flexibility.
4. Asking price $360,000 for the business only, with reported net profit of $80,000.
5. Additional reported remuneration / body corporate salary of $43,161.
6. Minimal operational duties, no office hours, limited common area responsibilities confined to a pool and BBQ area, supporting strong work life balance.
7. Complex size of 24 units, with 10 units in the letting pool, 8 owner occupy units, and 14 units managed by outside agents, indicating a relatively small pool to manage.
8. Permanent management agreement originally 25 years, with 23 years remaining, offering long term contractual security.
9. Management rights in West End are tightly held and rarely offered, indicating scarcity value for buyers.
10. Positioned in a consistently high performing rental market, supporting ongoing demand for letting services.
11. Suitability for both experienced operators and newcomers, given the straightforward, easy to manage operation and limited responsibilities.