Mcdowall, Queensland

$650,000

Property Description

Business For Sale - A 2.86 Multiplier - ID 8936 H

- Brisbane Management Rights For Sale
- 23 & 24 Years Remaining on These Accommodation Module Agreements
- Permanent management rights complex
- Accommodation Modules with 23 & 24 years remaining
- Three adjoining Body Corporates add top to a total of 38 lots
- A one person managed business
- Villas and townhouse style complex of 38 lots in great location
- Train is 5 minutes drive, bus within walking distance, walk to shops, doctors & good schools
- Very easy managed 9 in the letting pool, BUT room to grow with 11 outside agents
- This is a part time role even for one person
- No office hours
- $47,385 annual salary
- The three Body Corporates are so small, they hold just two meetings together each year. This is very suitable for a first time buyer operator. Also suitable for someone looking for additional income.

Net Profit: $66,037
Asking Price: $650,000
(Inclusive of manager's real estate)

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

Listing Broker
Greg Jorgensen
Servicing QLD

Property Summary

Business Snapshot

Price: $650,000 Remuneration / Body Corp Salary: $47,385Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $460,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Pets OK: Yes
Two level townhouse, Three bedrooms, Two bathrooms, Refurbished to a very nice standard in recent years, Covered front balcony, Rear outdoor patio area, Private garden, Large double garage and secure store room

Complex Information

Complex Type: PermanentTotal Units in Complex: 38Total Units in Letting Pool: 9Permanent Units: 9Owner Occupy Units: 15Outside Agent Units: 13Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: Yes

Marketing Agent


Marketing Agency

MR Sales

Greg Jorgensen
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Mcdowall, Queensland 4053 Exact map location not provided

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