Bulimba, Queensland

$2,123,000

Property Description

Business For Sale - Quality, Style, Location, Opportunity - ID 8892 BL

Brisbane Management Rights For Sale
Management Rights are rarely sold in the prestigious suburb of Bulimba, and with a restricted number available; this is definitely an opportunity to consider.

This unique business is a combined lifestyle and income, which is superbly set up. Located river side and park side, within the highly reputable suburb of Bulimba. This profitable premium management rights consists of 3 separate buildings, boasting the best quality facilities in Bulimba, which makes the apartments easy to rent for a premium. It is also a short walk to Bulimba's renowned Restaurant and shopping precinct in Oxford Street.

- High Quality
- Long term agreements
- Strong rental yield location
- Revenue growth opportunities
- Manageable caretaking duties
- Stunning premier Apartments
- Separate custom designed office
- Large Managers Apartment
- No set office hours
- Managers residence is a beautifully appointed Apartment.

- 3 bedrooms
- 2 bathrooms
- Ducted Air Conditioning
- SMEG appliances
- Stone bench tops
- Large balcony
- 2 car parks
- Courtyard
- Freshly Painted
- Separate connecting office

Resident exclusive amenities include 20m lap pool, pool side BBQ, sun lounge area, gym, and secure car parking. Beyond the apartment, enjoy an easy stroll and the convenience to City Cat terminal, shopping, dining, parks, play grounds, sporting clubs and schools.

This complex is pet friendly and a short stroll to nearby Bulimba River Park with off leash dog area. Picturesque Bulimba is an outstanding postcode and offers the complete package. Bustling Oxford Street is close at hand, City Cat and bus services are within walking distance with services to the CBD.

Every lifestyle component is really at your fingertips. It's a large size secure income business, with remuneration weight over 60% of current gross net income. The added benefits of such a wonderfully situated community this business is an extremely attractive buy. Well designed building lay out with common areas, completed to a high standard in comparison with the majority of competing product.

Net Profit: $205,000
Asking Price: $2,123,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Brisbane management rights business for sale contact:

Exclusive Broker
Greg Jorgensen

Property Summary

Business Snapshot

Price: $2,123,000 Net Profit: $205,000 Remuneration / Body Corp Salary: $141,390

Managers Unit

Value of Managers Apartment: $1,078,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Pets OK: No
Well appointed inner city town home, High quality design, Open plan, High ceilings, Ducted air conditioning, Smeg appliances, Large balcony

Complex Information

Complex Type: PermanentTotal Units in Complex: 97Total Units in Letting Pool: 30Permanent Units: 30Owner Occupy Units: 54Outside Agent Units: 13Pool: YesGym: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

  • Greg Jorgensen

  • 1300 928 556
  • 0407 721 335
  • send email

Marketing Agency

MR Sales

MR Sales

MR Sales

Greg Jorgensen
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Bulimba, Queensland 4171 Exact map location not provided

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