Doolandella, Queensland

Under Contract / Offer

Property Description

Business For Sale - First To Inspect Purchased - ID 8790 BL

- UNDER CONTRACT
- 77 lot townhouse complex
- 68 townhouses in the fully established and fully leased letting pool
- All units are three bedrooms with two bathrooms. Tented at an average of $340 per week
- Achieved rents are exactly what www.realestate.com.au research shows for the suburb
- Common areas are mainly grassed, so easily maintained. Estimated 1 to 1.5 days per week to maintain
- Small pool and gymnasium
- The complex was opened in June 2016
- Accommodation Module agreements with 24 years to run
- The possibility of additional income from rear courtyard maintenance exists
- This will suit another local management rights operator or just a single person or a couple seeking something simple
- It is not often that a management rights business comes along with no real estate to buy. It is even rarer when it's very new and fully tenanted.
- It only gets better with a 3.99 multiplier against the $142,824 Accountant advised net profit.

Net Profit: $142,824 (Projection Only)
Asking Price: $570,000
(Inclusive of manager's real estate)

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

Exclusive Broker
Greg Jorgensen

Property Summary

Managers Unit

Complex Information

General Features

  • Land Size: 1 m2 (approx)

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 )

Doolandella, Queensland 4077 Exact map location not provided

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