Gailes, Queensland

Under Contract / Offer

Property Description

Business For Sale - High Income - Great Opportunity - ID 8876 BL

- Permanent Management Rights For Sale
- This near new townhouse complex offers a wonderful opportunity for both first time buyers and experienced managers. Located in a rapidly growing suburb, you will find that this well run management rights business is a very attractive offering.- This business has many upsides for potential purchaser:

- Large and luxurious manager's unit
- Very well appointed office and storage facility
- Large accountant verified rental base and income ($228,000 net)
- No outside agents or owner occupiers
- Low maintenance gardens and common areas
- Gym for all residents to use
- Well established systems and procedures for easy transfer to a new manager
- Friendly and accommodating Body Corporate committee
- 23 of 25 years left on the caretaking agreement offering great security
- Excellent location, close to shops and public transport, quiet street in a desirable suburb, close to motorways for easy transit
- With the current managers pricing this business to sell, this sort of complete package is not often seen and will present the incoming manager's with great opportunities.
A significant income and the above benefits make this complex a very attractive business.

Net Profit: $228,000
Asking Price: $1,550,000
(Inclusive of manager's real estate)

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

Exclusive Broker
Mark Neale

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $228,000 Remuneration / Body Corp Salary: $84,000

Managers Unit

Value of Managers Apartment: $430,000Bedrooms: 3Bathrooms: 2Car Spaces: 4Office: On TitlePets OK: Yes
Stand alone townhouse, Air conditioning, Large outdoor area and back yard

Complex Information

Complex Type: PermanentTotal Units in Complex: 68Total Units in Letting Pool: 67Permanent Units: 67Owner Occupy Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 22 yearsGym: Yes

Marketing Agent

Marketing Agency

MR Sales

Mark Neale
MR Sales


Listing Tools

Property Map

Map Location ( get directions )

Gailes, Queensland 4300 Exact map location not provided

Similar Properties

Good Growth Prospects

Net Income: $215,537
Managers Estate: $369,000 3 Bed 2 Bath
Letting Pool: -

MLR Property Group