3 X MODERN, PERMANENT BRISBANE 'BUSINESS-ONLY' MR'S - $466K NET | Resort Brokers ID : MRB006674
ResortBrokers is delighted to present the rare opportunity to purchase the management and letting rights to three stunning permanent residential complexes in Brisbane, comprising over 250 apartments.
- Offered for the first time to market
- Three high-quality developments by renowned DevCorp
- Total of 251 lots with 74 in the letting pool and 75 unsold
- Combined Body Corporate Salaries of $360,000+ (3% annual increase)
- Lengthy tenure (21 - 24 years) on Caretaking and Letting Agreements
- Opportunity to grow the letting pool with 75 unsold lots
- Clean profit and loss with scope to add subsidary income streams
- Office / storage or maintenance shed at each complex under occupational authority
- All complexes located in strong Brisbane suburbs
NB. All inspections by appointment only.
Date updated: 12 May 2021 13:00:06
Net Profit: $466,313 Remuneration / Body Corp Salary: $466,313
Complex InformationComplex Type: PermanentTotal Units in Complex: 251Total Units in Letting Pool: 136Holiday Units: 136Agreement Term Remaining: 23 years