Windsor, Queensland
INVESTOR-LED BUSINESS ONLY MLR COMPLEX INNER-BRISBANE WITH 100% IN POOL | Resort Brokers ID : MRB007783
$1,012,805
Business Description
ResortBrokers exclusively brings to market this upscale business-only management and letting rights opportunity in the highly desirable Brisbane suburb of Windsor. This business has brand-new agreements with 24 years remaining, providing a long tenure for this investor-orientated complex in one of Brisbane’s prime rental corridors. With no requirement to live onsite and no set office hours to maintain, this opportunity is priced to sell quickly to the astute operator!
- 100% letting pool with investor based apartment stock
- Total units 49 plus 2x retail lots that contribute to levies
- Of the 49 apartments there are five 2 bedroom units which have dual-living creating 54 in the pool
- 25 year caretaking and letting agreements - 24 years tenure remaining
- Solid BC salary of $76,500 per annum plus GST
- 5sqm Manager's office on ground level plus 3sqm cleaner's sink and store on level 1
- No set office hours and no requirement to live on-site
- Attractive net profit over $171,662 p.a.
- Building completed in 2017
- All inspections by appointment only
Date updated: 03 Dec 2023 22:00:09
Business Summary
Business Snapshot
Price: $1,012,805
Net Profit: $171,662 Remuneration / Body Corp Salary: $76,500
Managers Unit
Complex Information
Complex Type: PermanentTotal Units in Complex: 54Total Units in Letting Pool: 54Holiday Units: 54Agreement Term Remaining: 24 years
Key Investment Insights
Key Insights:
- Upscale business-only management and letting rights opportunity in the highly desirable Brisbane suburb of Windsor
- Brand-new agreements with 24 years remaining, providing a long tenure for this investor-orientated complex
- No requirement to live onsite and no set office hours to maintain
- 100% letting pool with investor-based apartment stock
- Total units of 49 plus 2 retail lots that contribute to levies
- 5 dual-living 2 bedroom units, creating a total of 54 units in the pool
- 25 year caretaking and letting agreements with a solid BC salary of $76,500 per annum plus GST
- Manager's office on ground level and a cleaner's sink and store on level 1
- Attractive net profit over $171,662 per annum
- Building completed in 2017
- All inspections by appointment only
