NEW 'BUSINESS ONLY' PERMANENT MR - $140K+ NET PROFIT | Resort Brokers ID : MR006476
Presented to market exclusively by Resort Brokers for the first time, is the opportunity to purchase the management rights to a high quality, 'business only' townhouse complex, located in the Brisbane growth suburb of Richlands.
- Total of 54 X 3 bedroom and 3 bedroom+ MPR townhouses
- 44 units managed in onsite letting pool, with 10 owner occupiers.
- Well over 24 years remaining on caretaking and letting agreements
- Clean P&L made up of almost entirely BC salary and letting income
- Solid BC salary of $70,200 (ex GST)
- No requirement to live on site, no set office office hours, easy to maintain grounds
- 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
Net Profit: $141,488 Remuneration / Body Corp Salary: $70,200
Complex InformationComplex Type: PermanentTotal Units in Complex: 54Total Units in Letting Pool: 44Holiday Units: 44Owner Occupy Units: 10Agreement Term Remaining: 25 years