Cannon Hill, Queensland

$602,315

Property Description

2 X NEW 'BUSINESS ONLY' PERMANENT MRs - $120K+ NET PROFIT | Resort Brokers ID : MR006482

Presented to market exclusively by ResortBrokers for the first time, is the opportunity to purchase the management rights to two stunning, high quality, 'business only' townhouse complex, located in Cannon Hill.



  • Total of 46 townhouses - 3 and 4 bedroom designs

  • 21 units managed in onsite letting pool, with 8 owner occupiers.

  • 23+ and 24+ years remaining on caretaking and letting agreements

  • 12 unsold lots - offering letting pool growth potential

  • Clean P&L made up of almost entirely BC salary and letting income

  • Solid combined BC salary of $64,350 (ex GST)

  • No requirement to live on site, no set office office hours, easy to maintain grounds

  • Stunning location next to Minnippi Parklands

  • Located only 1 minute apart from each other

  • Call agents Tim Crooks or Alex Cook for further information

  • Please click on the youtube icon below for a summary video on the offering.

Date updated: 18 Nov 2020 01:00:04

Property Summary

Business Snapshot

Price: $602,315 Net Profit: $120,463 Remuneration / Body Corp Salary: $64,350

Managers Unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 31Total Units in Letting Pool: 13Holiday Units: 13Owner Occupy Units: 3Outside Agent Units: 10Agreement Term Remaining: 25 years

Marketing Agent


Marketing Agency

ResortBrokers

Alex Cook
ResortBrokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Cannon Hill, Queensland 4170 Exact map location not provided

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