NEW PERMANENT MR - OVER $200K NET PROFIT | Resort Brokers ID : MR006477
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, 'business only' townhouse complex, located in the Brisbane growth suburb of Richlands.
- Total of 83 townhouses with 3 & 4 bedroom designs
- 62 units managed in onsite letting pool, with 12 owner occupiers & 9 unsold stock.
- 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 $99,600 (ex GST)
- No requirement to live on site, no set office office hours, easy to maintain grounds
- Includes luxury manager's unit for $419K
- 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
Price: Bus $1.145M + Unit $419K
Net Profit: $204,613 Remuneration / Body Corp Salary: $99,600
Managers UnitValue of Managers Apartment: $419,000Bedrooms: 4Bathrooms: 2
Complex InformationComplex Type: PermanentTotal Units in Complex: 83Total Units in Letting Pool: 62Holiday Units: 62Owner Occupy Units: 12Outside Agent Units: 9Agreement Term Remaining: 25 years