NEAR NEW PERMANENT MR - $400K+ NET PROFIT | Resort Brokers ID : MR006474
Presented to market exclusively by Resort Brokers for the first time, is the opportunity to purchase the management rights and manager's residence to a high quality, architecturally designed townhouse complex, located in the Brisbane growth suburb of Richlands.
- Total of 153 X 3 bedroom and 3 bedroom + MPR townhouses
- 132 units managed in onsite letting pool with 14 outside agents & 7 owner occupiers.
- Over 23 years remaining on caretaking and letting agreements
- Clean P&L made up of almost entirely BC salary and letting income
- Solid BC salary of $179,191 (ex GST)
- No requirement to live on site, no set office office hours, easy to maintain grounds
- Inclusive of manager's unit and office ($419,000)
- Walk to Richlands Plaza, 10 mins to Greater Springfield, 5 mins to major Motorways
- 3 other neighbouring complexes in Richlands also on market
- Call agents Tim Crooks or Alex Cook for further information
- Please click on the youtube icon below for a summary video on the offering.
Date updated: 18 Nov 2020 01:00:04
Price: Bus $2.461M Unit $419K
Net Profit: $403,600 Remuneration / Body Corp Salary: $179,191
Managers UnitValue of Managers Apartment: $419,000Bedrooms: 4Bathrooms: 2
Complex InformationComplex Type: PermanentTotal Units in Complex: 153Total Units in Letting Pool: 132Holiday Units: 132Owner Occupy Units: 7Outside Agent Units: 14Agreement Term Remaining: 25 years