MODERN PERMANENT MR - $388K+ NET PROFIT | Resort Brokers ID : MR006475
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 165 X 3 and 4 bedroom townhouses
- 148 units managed in onsite letting pool, with 7 outside agents and 7 owner occupiers.
- Over 21 years remaining on caretaking and letting agreements
- Clean P&L made up of almost entirely BC salary and letting income
- Solid BC salary of $187,572 (ex GST)
- No requirement to live on site, no set office hours, easy to maintain grounds
- Inclusive of manager's unit and 32 sqm office ($407,000)
- 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: 09 Apr 2021 23:00:05
Price: Under Contract / Offer
Net Profit: $388,625 Remuneration / Body Corp Salary: $187,572
Managers UnitValue of Managers Apartment: $407,000Bedrooms: 3Bathrooms: 2
Complex InformationComplex Type: PermanentTotal Units in Complex: 165Total Units in Letting Pool: 150Holiday Units: 150Owner Occupy Units: 7Outside Agent Units: 7Agreement Term Remaining: 25 years