New Farm, Queensland

$1,077,793

Property Description

MODERN INNER-CITY, BUSINESS-ONLY APARTMENTS NETTING >$192K | Resort Brokers ID : MR006631

ResortBrokers® brings you this high quality portfolio of three permanent management rights with a solid net income. The portfolio will be sold a bundle of three buildings.



  • Total of 72 lots with 49 in the combined letting pool

  • Solid net profit of >192K

  • Body Corporate salary of $82,950 (43% of the total income)

  • One building located in Milton, two in New Farm opposite each other

  • Three buildings are business-only with no set office hours and no real estate to own or live in

  • Modern buildings on an accommodation module with manageable caretaking duties.

  • Property inspections are by appointment only


Date updated: 12 May 2021 13:00:06

Property Summary

Business Snapshot

Price: $1,077,793 Net Profit: $192,463 Remuneration / Body Corp Salary: $82,950

Managers Unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 72Total Units in Letting Pool: 49Holiday Units: 49Agreement Term Remaining: 18 years

Marketing Agent


Marketing Agency

ResortBrokers

Jeff Keast
ResortBrokers

Phone

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Map Location ( get directions )

New Farm, Queensland 4005 Exact map location not provided

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