Richlands, Queensland

Under Contract / Offer

Property Description

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

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $388,625 Remuneration / Body Corp Salary: $187,572

Managers Unit

Value of Managers Apartment: $407,000Bedrooms: 3Bathrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 165Total Units in Letting Pool: 150Holiday Units: 150Owner Occupy Units: 7Outside Agent Units: 7Agreement Term Remaining: 25 years

Marketing Agent

Marketing Agency


Alex Cook


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Map Location ( get directions )

Richlands, Queensland 4077 Exact map location not provided

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