Woolloongabba, Queensland

Two Properties sold as one

SOLD

Business Description

This is two properties sold as one. One is in Woolangabba and the other one is in Nundah less than a 20 minute drive There is no real estate to buy and there is an office ( exclusive use ) in each one There is also a lot of storage and the BC owns the equipment. The current manager spends less that a day per week in each one.
Please contact Exclusive Agent Robert Collins on ---------- or ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $146,000

Complex Information

Complex Type: PermanentTotal Units in Complex: 22Total Units in Letting Pool: 37Owner Occupy Units: 6Agreement Term: 25 yearsAgreement Term Remaining: 21 years

Marketing Agent

Robert Collins

07 3299....

Ras360

Key Investment Insights

1. Two properties being sold as one, located in Woolangabba and Nundah.
2. No real estate to buy, as the properties are being sold with exclusive use of an office in each one.
3. Lots of storage and equipment owned by the Body Corporate.
4. Current manager only spends less than a day per week in each property.
5. Business is a permanent complex with a total of 22 units.
6. There are 37 units in the letting pool, with 6 owner-occupied units.
7. Agreement term is 25 years, with 21 years remaining.
8. Net profit for the business is $146,000.
9. Contact information for the exclusive agent is provided.