Woolloongabba, Queensland
Promising Business Only Opportunity in Woolloongabba & Hawthorne
SOLD
Business Description
Here we have a teriffic Business Only opportunity with minimal work load and strong potential to grow your bottom line. In the context of business only opportunities, this truly ticks all the boxes.
Two small complexes within 15 minutes drive of each other, both situated in desirable suburbs with high rental demand, in close proximity to Brisbane's CBD, local schools, major hospital and public transport.
You will also have: no set office hours, no manager's unit to buy, small work load (4 hours caretaking per week per complex), and tremendous potential to grow your bottom line and expand your letting pool (viz: Hawthorne - 1 owner occupier, 23 units with outside agents; Woolloongabba - 1 owner occupier, 6 units with outside agents).
Please contact Yen-Tze Ee, Exclusive Agent on ---------- or ---------- an inspection.
Business Summary
Business Snapshot
Price: SOLD
Net Profit: $69,570 Remuneration / Body Corp Salary: $41,477
Complex Information
Complex Type: PermanentTotal Units in Complex: 45Total Units in Letting Pool: 14Owner Occupy Units: 2Agreement Term: 25 yearsAgreement Term Remaining: 19 years
Key Investment Insights
1. Two small complexes with high rental demand and close proximity to Brisbane's CBD, local schools, major hospital, and public transport.
2. No set office hours and minimal workload (4 hours caretaking per week per complex).
3. Strong potential to grow bottom line and expand letting pool.
4. Desirable suburbs with high rental demand.
5. No manager's unit to buy.
6. Potential for increased income through outside agents in both complexes.
7. Business Only opportunity with minimal work load.
8. Exclusive agent contact for inspection.
9. Business Snapshot showing a net profit of $69,570 and remuneration/body corp salary of $41,477.
10. Permanent complex type with a total of 45 units and 14 units in the letting pool.
11. 25-year agreement term with 19 years remaining.
