Deception Bay, Queensland

$1,030,000

Property Description

Business For Sale - Brand New Management Rights Complex at Deception Bay - ID 8857 BL

TWO STAGES WITH THE FIRST STAGE COMPLETE & AT 100% OCCUPANCY
Brisbane Permanent Management Rights

- No set office hours
- Buy direct from the developer
- $74,000 total salary from Stages 1 & 2
- Brand new 25 year agreements
- 74 x one & two bedrooms units
- All but the managers unit will form the letting pool
- Contract subject to adjustment for units in the pool
- Stage 1 rented up in 2-3 months
- Very comfortable 2 bedroom, 2 bathroom managers unit with courtyard
- Detached exclusive use office

Easily run apartment complex with small central common area.Strong rental territory due to nearby North Lakes retail/commercial precinct.Projected net based on 80% in pool, however, 100% formed pool from Stage 1.Actual net profit expected to be higher

Net Profit: Projected at $160,272 plus!
Asking Price: $1,030,000
(inclusive of managers real estate)

For further information on this Brisbane management rights opportunity contact the listing broker Greg Jorgensen

Property Summary

Business Snapshot

Price: $1,030,000 Net Profit: $160,272 Remuneration / Body Corp Salary: $74,000

Managers Unit

Value of Managers Apartment: $330,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
2 bedroom, 2 bathroom, Kitchen with stainless steel appliances, Grassed courtyard bbq area

Complex Information

Complex Type: PermanentTotal Units in Complex: 0Agreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: 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 )

Deception Bay, Queensland 4508 Exact map location not provided

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