Hillcrest, Queensland

$1,130,000

Property Description

Business For Sale - A Great Deal on This Permanent Complex - ID 8842 BL

- Management Rights For Sale
- Quiet Brisbane South Location
- Large 3 bedroom managers townhouse with attached office
- Could be operated by on person or a couple part time
- 52 in the letting pool and no set office hours
- Established grounds. Gardener paid by current managers, could stay if required
- Complex facilities include salt water pool, gymnasium and BBQ
- Long agreements expiring 2041 and salary of over $70,000
- Close to schools, shops and transport
- Call now as this is an amazing opportunity at a realistic multiple
- This complex has had a huge price drop due to serious health issues. We are priced to sell quickly and ready to do a deal.

Net Profit: $155,000
Asking Price: $1,130,000
(Inclusive of manager's real estate)

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

Listing Broker
Tony Johnson

Property Summary

Business Snapshot

Price: $1,130,000 Net Profit: $155,000 Remuneration / Body Corp Salary: $72,474Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $410,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Manager's residence offers three large bedrooms with built in robes, Study, Outside area with covered patio and rear garden, Air conditioning, Ceiling fans, Double lock up garage

Complex Information

Complex Type: PermanentTotal Units in Complex: 60Total Units in Letting Pool: 50Permanent Units: 50Owner Occupy Units: 4Outside Agent Units: 5Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesGym: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent


Marketing Agency

MR Sales

Tony Johnson
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Hillcrest, Queensland 4118 Exact map location not provided

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HILLCREST
MANAGEMENT RIGHTS FOR SALE ON BRISBANE'S...

Management Rights $1,130,000
Net Income: $155,556
Managers Estate: $425,000 3 Bed 2 Bath
Letting Pool: 61
Remuneration: $74,919

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