Richlands, Queensland

$608,398

Property Description

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

Property Summary

Business Snapshot

Price: $608,398 Net Profit: $141,488 Remuneration / Body Corp Salary: $70,200

Managers Unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 54Total Units in Letting Pool: 44Holiday Units: 44Owner Occupy Units: 10Agreement Term Remaining: 25 years

Marketing Agent


Marketing Agency

ResortBrokers

Alex Cook
ResortBrokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Richlands, Queensland 4077 Exact map location not provided

Similar Properties

ELLEN GROVE
Unbeatable ROI! Buyer with $350-$500K will...

$500,000
Net Income: $200,000
Managers Estate: $400,000 3 Bed 2 Bath
Letting Pool: 190
Remuneration: $253,000

ResortBrokers
LOW RISK INVESTMENT WITH SOLID INCOME! BEAUTIFUL AND QUIET COMPLEX!
Exclusive

RUNCORN
LOW RISK INVESTMENT WITH SOLID INCOME!...

$540,000
Net Income: $41,990
Managers Estate: $410,000 3 Bed 2 Bath
Letting Pool: 11
Remuneration: $20,866

Shine Realty

UPPER MOUNT GRAVATT
PART-TIME BUSINESS OPPORTUNITY – TOP...

$578,000
Net Income: $49,771
Managers Estate: $379,000 3 Bed 1 Bath
Letting Pool: 16
Remuneration: $21,000

Property Bridge