Wynnum, Queensland

BRAND NEW BUSINESS-ONLY BY THE BAY! | Resort Brokers ID : MRB006984

Under Contract / Offer

Property Description

ResortBrokers is delighted to present to market this superb business-only management rights business with a projected net over $127K and 24.5 years remaining on terms!



  • Fantastic entry-level opportunity for a local couple or single operator

  • Stylish mid-rise building with 66 units

  • 6 units in the letting pool - 15 external agents - potential future upside

  • Completed in early 2021

  • No onsite office or real estate to purchase

  • No set office hours - contactable 9-4pm Mon - Fri (excl public holidays)

  • Over $95K Body Corporate salary with 4% fixed annual increase

  • Storage (45SQM) & Office (11SQM) for exclusive occupation of the manager

  • Additional 6 exclusive use storage areas the manager could rent out + cleaner’s store room

  • Rooftop pool and covered entertainment area with BBQ facility

  • 6 months of trading with projected net for 12 months of $127,175

  • Over 24 years remaining on the caretaking and letting agreements

  • Prime location near the Esplanade and beautiful bayside lifestyle

  • Easy to manage with minimal duties

  • Book a time to inspect - by appointment only


Date updated: 23 Jan 2022 22:00:10

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $127,175 Remuneration / Body Corp Salary: $95,982

Managers Unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 66Total Units in Letting Pool: 6Holiday Units: 6Owner Occupy Units: 60Agreement Term Remaining: 25 years
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