Kangaroo Point, Queensland

Under Contract / Offer

Property Description

Business For Sale - UNDER CONTRACT - ID 7860 BL

- Priced To Sell At A 4.58 Multiple on $215,000 Net
- Brisbane management rights for sale
- $14,000 incl GST monthly salary, increased annually by CPI
- Large & comfortable 3 bedroom, 2 bathroom, manager's apartment with 3 external patios
- Ground floor manager's apartment facing north-east and looking out to lawns and gardens
- Large and excellent, fully fitted-out separate office held under exclusive use
- Easy to use REI Master Trust Account Software
- Very manageable 30 units in the letting pool
- Landscaped gardens are filled with slow-growing drought resistance plants
- Prime location features equates to good tenancy demand & rentals
- Minutes walk to the free cross-river ferry services and to the City
- Tennis Court, pool and excellent recreation areas
- Solid evidence of regular top-ups on this 10 year agreement
- Accountant verified annual net profit of $215,000. No office hours. Enjoy a BBQ and the garden outlook from the manager's patio. Large and spacious ground floor 3 bedroom, 2 bathroom, 2 car space manager's apartment.

Net Profit: $215,000
(Verified by leading industry accountant)
Asking Price: $1,795,000
(Inclusive of manager's real estate)

CONFIDENTIALITY CONDITIONS APPLY

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

Listing Broker
Greg Jorgensen

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $215,000 Remuneration / Body Corp Salary: $168,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $810,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: Exclusive Use
3 bedroom, 2 bathroom apartment, three outdoor patio areas, air-conditioned, ensuite to main bedroom, expansive views from kitchen and living area, quality fittings throughout

Complex Information

Complex Type: PermanentTotal Units in Complex: 91Total Units in Letting Pool: 30Permanent Units: 30Owner Occupy Units: 47Outside Agent Units: 13Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsPool: YesTennis Court: YesBBQ Area: Yes

Marketing Agent


Marketing Agency

MR Sales

Greg Jorgensen
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Kangaroo Point, Queensland 4169 Exact map location not provided

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