Richlands, Queensland

Bus $2.461M Unit $419K

Property Description

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

Property Summary

Business Snapshot

Price: Bus $2.461M Unit $419K Net Profit: $403,600 Remuneration / Body Corp Salary: $179,191

Managers Unit

Value of Managers Apartment: $419,000Bedrooms: 4Bathrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 153Total Units in Letting Pool: 132Holiday Units: 132Owner Occupy Units: 7Outside Agent Units: 14Agreement Term Remaining: 25 years

Marketing Agent

Marketing Agency


Alex Cook


Listing Tools

Property Map

Map Location ( get directions )

Richlands, Queensland 4077 Exact map location not provided

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