Spring Hill, Queensland

$1,000,000

Property Description

Business For Sale - Big Earner With No Real Estate To Buy in Brisbane CBD - ID 8878 BL

- Mixed Short Term and Holiday Letting
- Brisbane Management Rights For Sale
- No real estate to buy and no requirement to live onsite
- Great bolt on opportunity
- No garden or pool to maintain
- Easily run by one person
- Accommodation module agreements expiring 2039
- Complex offers 39 units with 17 in the letting pool
- Growth opportunity with 5 outside agents
- Located walking distance to Brisbane CBD and hospitals
- Modern, fully furnished one and two bedroom apartments with large balconies
- Situated in the heart of Spring Hill and overlooking the magnificent Brisbane city skyline, this beautiful complex has garden or pool to maintain and is easily run by one person. With no requirement to live onsite, this management rights business would also be an ideal bolt on for an existing business.

Net Profit: $224,512
Offers Over $1,000,000

For further information or to arrange an inspection of this Brisbane management rights business for sale contact:

Listing Broker
Mark English

Property Summary

Business Snapshot

Price: $1,000,000 Net Profit: $224,512 Remuneration / Body Corp Salary: $53,719

Managers Unit

No residence with this business

Complex Information

Complex Type: HolidayTotal Units in Complex: 39Total Units in Letting Pool: 29Holiday Units: 29Owner Occupy Units: 5Outside Agent Units: 5Agreement Term: 25 yearsAgreement Term Remaining: 21 yearsWIFI: Yes

Marketing Agent


Marketing Agency

MR Sales

Mark English
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Spring Hill, Queensland 4000 Exact map location not provided

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