Hillcrest, Queensland

$1,199,000

Property Description

Business For Sale - 15 Minutes to Sunnybank - ID 8842 BL

Brisbane Management Rights For Sale -
A wonderful opportunity exists for both first time buyers or experienced managers. Located in Hillcrest, a rapidly growing suburb on the southside of Brisbane, you will find that this well run management rights business is a very attractive offering. This business has many upsides for potential buyers.

- Large and luxurious 3 bedroom + study manager's residence
- Very well-appointed office and storage facility
- Solid rental base and income - $157,800 net profit
- Low maintenance gardens and common areas
- Pool and 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
- Quick travel time to Browns Plains and Sunnybank
- 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.

Net Profit: $157,800
Asking Price: $1,199,000
(Inclusive of manager's real estate)

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

Listing Broker
Mark Neale

Property Summary

Business Snapshot

Price: $1,199,000 Remuneration / Body Corp Salary: $72,474Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $435,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Three bedrooms, Study, Built in robes, Third toilet, Covered patio area, Rear garden, Air conditioning, Ceiling fans, Double lock up garage, Pet permitted

Complex Information

Complex Type: PermanentTotal Units in Complex: 60Total Units in Letting Pool: 52Permanent Units: 52Owner Occupy Units: 2Outside Agent Units: 5Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesGym: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent


Marketing Agency

MR Sales

Mark Neale
MR Sales

Phone

Listing Tools

This listing last updated: 13th September 2018

Property Map

Map Location ( get directions )

Hillcrest, Queensland 4118 Exact map location not provided

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HILLCREST
MANAGEMENT RIGHTS FOR SALE, ONLY 6 YEARS...

$1,199,000
Net Income: $157,800
Managers Estate: $435,000 3 Bed - Bath
Letting Pool: 55
Remuneration: $73,597

RAAS Group