Doolandella, Queensland

$1,660,000

Property Description

Business For Sale - Business Only With High Net Profit - ID 8790 BL

- Permanent Management Rights For Sale
- 2 Combined Permanents With Strong Returns
- Rare business only with no live on site requirement
- 2 complexes combined, currently run together just 15 minutes apart
- High net profit of $307,000
- Great as stand alone or bolt on business
- Excellent Body Corporate and committee
- Healthy 22 & 19 years remaining on agreement
- Highly sought after complexes for tenants
- Potential for growth with rents increasing
- Easily maintained common areas with great facilities

This well located business can be operated as a stand alone or a bolt on for other management rights in the area. With high return on investment and no real estate to purchase, a quick sale is expected.

Net Profit: $307,000
Asking Price: $1,660,000

For further information or to arrange an inspection of this Management Rights business for sale contact:

Exclusive Management Rights Broker
Mark Neale

Property Summary

Business Snapshot

Price: $1,660,000 Net Profit: $307,000 Remuneration / Body Corp Salary: $110,000Body corp salary review: CPI Annually

Managers Unit

There is no real estate to purchase with this business

Complex Information

Complex Type: PermanentTotal Units in Complex: 126Total Units in Letting Pool: 102Permanent Units: 102Owner Occupy Units: 7Outside Agent Units: 17Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 years

Marketing Agent


Marketing Agency

MR Sales

Mark Neale
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Doolandella, Queensland 4077 Exact map location not provided

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