Auchenflower, Queensland


Property Description

PRICE REDUCTION - Realistic vendor meets the market! | Resort Brokers ID : MRB006459

Business only MR in Brisbane with a multiple in the 4’s? Featuring 41 units with 11 in the letting pool and 3 external letting appointments with strong upside still possible. This complex offers a lavish and spacious office that would rival any onsite office in the country. An arsenal of caretaking equipment supplied by the body corporate gives any operator a walk up start in this riverfront complex. Brand new 10 year agreements have just been implemented removing the requirement for the managers to buy a unit or live onsite, making this a true business only management rights for the first time.

  • Business-only management rights in Auchenflower

  • Six-figure net profit of $109,132

  • Brand new 10 year agreements

  • Huge caretaking salary over $1,800 per lot

  • Solid foundation to continue to grow into a long term business

  • Supportive Body Corporate with strong top up history

  • Property inspections are by appointment only

Date updated: 27 Jan 2021 23:00:04

Property Summary

Business Snapshot

Price: $540,000 Net Profit: $109,132 Remuneration / Body Corp Salary: $78,177

Managers Unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 41Total Units in Letting Pool: 13Holiday Units: 13Owner Occupy Units: 26Outside Agent Units: 2Agreement Term Remaining: 10 years

Marketing Agent

Marketing Agency


Nathan Eades


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Auchenflower, Queensland 4066 Exact map location not provided

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