Richlands, Queensland

Bus $1.145M + Unit $419K

Property Description

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

Property Summary

Business Snapshot

Price: Bus $1.145M + Unit $419K Net Profit: $204,613 Remuneration / Body Corp Salary: $99,600

Managers Unit

Value of Managers Apartment: $419,000Bedrooms: 4Bathrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 83Total Units in Letting Pool: 62Holiday Units: 62Owner Occupy Units: 12Outside Agent Units: 9Agreement Term Remaining: 25 years

Marketing Agent

Marketing Agency


Alex Cook


Listing Tools

Property Map

Map Location ( get directions )

Richlands, Queensland 4077 Exact map location not provided

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