Paradise Point, Queensland

Under Contract / Offer

Property Description

Business For Sale - Rare Offering - Ephraim Island Management & Letting Rights - ID 8739 BL

Management Rights For Sale
NOW THIS IS A BUSINESS WITH EXCELLENT GROWTH POTENTIAL

- $626,596 annual combined bodies corporate salary
- 384 allotments within 4 stages
- 81 in the letting pool
- 43 properties managed by outside agents
- 19 years remaining on the principal and 14 to 16 on the balance Body Corporates
- Accommodation module on all agreements
- All agreements are annual CPI adjusted
- Current weekly rents range between $500 & $1,150 per week
- Three bedroom, two bathroom, two level manager's apartment
- Good sized manager's office

This is a sizable complex with defined duties, but one with excellent remuneration and resulting net profit. The asking multiplier is very realistic and is supported by all accommodation module agreements.

Net Profit: $461,000
(verified by respected industry accountants)
Asking Price: $3,385,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of Ephraim Island management and letting rights business opportunity, contact:

Exclusive Agent
Greg Jorgensen

Property Summary

Managers Unit

Complex Information

General Features

  • Land Size: 1 m2 (approx)

Marketing Agent

  • Greg Jorgensen

  • 1300 928 556
  • 0407 721 335
  • send email

Marketing Agency

MR Sales

MR Sales

MR Sales

Greg Jorgensen
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Paradise Point, Queensland 4216 Exact map location not provided

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