Spring Hill, Queensland

$995,000

Property Description

Business For Sale - Express Your Interest - This Will Be Sold - ID 8750 BL

- Brisbane Management Rights Opportunity
- Priced to Sell
- Quality 15 level apartment complex
- Modern inner city apartments with stunning city views
- Currently long term stays due to Covid-19, but ready to revert back
- Of the 52 apartments, 22 are currently in the letting pool
- Just a stroll to Brisbane CBD
- Close proximity to the best cafes & restaurants
- Body Corporate salary of $76,000 per annum
- 15 years remaining on Accommodation Agreement
- No real estate to purchase
- Potential plus for an experienced operator or add on to your existing Management Rights portfolio.

Net Profit: $198,762 (*Projected)
Asking Price: $995,000
All Offers Presented

For further information or to arrange an inspection of this Brisbane Management Rights Business for sale contact:

Management Rights Brokers
Lyn Pearsall & Amanda Rowe

Property Summary

Business Snapshot

Price: $995,000 Net Profit: $198,762 Remuneration / Body Corp Salary: $76,113

Managers Unit

No real estate to purchase with this business

Complex Information

Complex Type: PermanentTotal Units in Complex: 52Total Units in Letting Pool: 22Permanent Units: 22Owner Occupy Units: 19Outside Agent Units: 11Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 15 yearsPool: Yes

Marketing Agent


Marketing Agency

MR Sales

Amanda Rowe
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Spring Hill, Queensland 4000 Exact map location not provided

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