Albion, Queensland


Property Description

Big Nett Permanent Management Rights in Inner City Suburb of Brisbane

- Landmark tower is perfectly located in inner city suburb, offering inner city charm
Built on the tradition and heritage of iconic building, featuring the best in contemporary design and lifestyle amenities, offer a lifestyle of convenience and connectivity, just 5km from the CBD and close to public transport.
- Well established and Very well run complex, all procedures documented
Business has been run by corporate group, which is well known by operation excellence and great team.
- Long agreement 24 years left on a 25 years accommodation module
- Fantastic Body Corporate salary of $216K, with annual CPI adjustment every Feb
- "CLEAN" Income Page
No any income included from Repairs and Maintenance, Cleaning … Great income upsides potentials!
- Great letting income improve potential
Only 50% in letting pool, a good room potential for letting to grow for a new building
- Body Corporate very good and supportive to work with
- Modern and spacious manager residence comprises three bedrooms, two bathrooms, lounge/dining room, kitchen, laundry, patio, detached office/reception on title and large basement storage and car space on title.
- Spacious office on title

Come on in and reap the rewards that this fantastic offering has to offer. This is the Goldilocks complex, offering a great lifestyle and solid business. Just Right!

Property Summary

Business Snapshot

Price: $3,289,000 Net Profit: $413,487 Remuneration / Body Corp Salary: $216,300Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $850,000Bedrooms: 2Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 164Total Units in Letting Pool: 82Permanent Units: 82Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23.5 Years yearsPool: YesGym: YesBBQ Area: Yes

Marketing Agent

Marketing Agency

Next Business & Property Sales

Next Business & Property Sales

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David Jiang
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Map Location ( get directions )

Albion, Queensland 4010 Exact map location not provided

Similar Properties


Net Income: $536,000
Managers Estate: - - Bed - Bath
Letting Pool: 32

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