Fortitude Valley, Queensland

Under Contract / Offer

Property Description

Business For Sale - DROP IN PRICE FOR QUICK SALE - ID 8620 BL

Brisbane Management Rights For Sale
$450,000 Net Profit 75% Occupancy

- Just under 70% of units form the letting pool
- Full 25 year agreements held under the accommodation module
- Re-paint and carpet internally completed earlier this year
- $68,387 + GST annual salary, CPI reviewed
- Healthy sinking fund
- Extensive exclusive use areas, including managers office and storage areas
- Signage on common property approvals
- Office hours are Monday to Friday only 8.30am 5.00pm
- The manager can elect to reside in another lot in the complex other than the managers lot
- Multiple lines of income including 2016 opportunity to real electricity metering system

There are few corporate management rights businesses in Brisbane that present as well as this. Between the excellent hotel quality furnishings, the sensational internet infrastructure, there is little doubt why repeat business is a strong component of this business. The two bedroom, two bathroom 101m manager's unit with balcony is very livable.

Net Profit: $451,881
(verified by an industry accountant)
Asking Price: $2,400,000
(Inclusive of managers real estate)

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

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 )

Fortitude Valley, Queensland 4006 Exact map location not provided

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