Woolloongabba, Queensland

Business For Sale - New Building - Fully Leased at 4.9 Times Multiplier! - ID 8726 BL

SOLD

Business Description

Brisbane Management Rights Business For Sale
Building completed April 2016

- No requirement to live onsite
- Two bedroom, two bathroom 120m managers unit
- 68 units in the complex over 10 levels
- 63 units form the letting pool
- At the end of September all letting pool units were 100% let
- Accommodation module
- Brand new 25 year caretaking & letting agreements
- $83,000 + GST annual salary
- Exclusive use office of 8m
- No office hours

Between no office hours, no requirement to live onsite and the 4.9 multiplier....this is the real deal!! Building completed in April 2016. Walking distance to the Princess Alexandra Hospital. 3 kilometres from the Brisbane CBD.

Net Profit: $222,000
Asking Price: $1,610,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Brisbane management rights business opportunity contact the listing brokers:

Greg & Susan Jorgensen

Business Summary

Complex Information

Marketing Agent

Greg Jorgensen

MR Sales

Key Investment Insights

1. Building is newly completed in April 2016
2. No requirement for manager to live onsite
3. Managers unit is a spacious two bedroom, two bathroom 120m unit
4. Complex has 68 units over 10 levels
5. 63 units are in the letting pool
6. All letting pool units were 100% let as of September
7. Accommodation module is in place
8. Brand new 25 year caretaking and letting agreements
9. Annual salary of $83,000 + GST
10. Exclusive use office of 8m
11. No office hours required
12. 4.9 multiplier makes this a highly profitable opportunity
13. Walking distance to Princess Alexandra Hospital
14. 3 kilometers from Brisbane CBD
15. Net profit of $222,000
16. Asking price of $1,610,000 (inclusive of manager's real estate)
17. Listing brokers are Greg and Susan Jorgensen
18. Managers unit is included in the sale
19. Complex information is available upon request.