Management Rights For Sale Northgate - 4537

New Farm, Queensland

$660,000

Property Description

Business For Sale - No Real Estate To Buy in New Farm - ID 8927 BL

- Brisbane Management Rights For Sale
- $660,000 Asking Price - Permanent Letting in New Farm
- $132,000 actual net profit
- Two easy to run complexes, no office hours
- Perfect addition to an existing business or simply run from another location
- Both are Accommodation Modules with 22 years remaining
- Pool and small gym in one complex, very small garden areas in both, 2 x manager store rooms
- Can be run by one person
- Rents have increased this year on all vacates
- Excellent location on city doorstep
- 32 in the letting pool, 46 apartments in total
- Total Body Corporate salary of $65,023 + GST
- A simple and easy to run business. Just a 6 minute walk between the two buildings. No real estate to buy - no requirement to live onsite.

Net Profit: $132,000
Asking Price: $660,000

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: $660,000 Net Profit: $132,000 Remuneration / Body Corp Salary: $65,023Body corp salary review: CPI Annually

Managers Unit

No residence to purchase with this business

Complex Information

Complex Type: PermanentTotal Units in Complex: 46Total Units in Letting Pool: 32Permanent Units: 32Owner Occupy Units: 10Outside Agent Units: 6Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: Yes