Stafford, Queensland

Under Contract / Offer

Property Description

Business Only With $193k Body Corp Salary and Huge Upside! | Resort Brokers ID : MRB005555

Large scale business only management rights with NO real estate to buy. 156 lots in the complex and just 47 in the letting pool = the majority of the income comes from the agreements..



  • Generous Body Corp salary comprising a high percentage of the overall income

  • Strong agreements on all business in the portfolio

  • Outstanding near city location on the inner north – very strong letting catchment

  • Extra income to be attained through maintenance work

  • Upside through clawing back units from outside agents

  • Large salary and could easily be run by 2 person management team

  • Unbeaten location close to surrounding amenities

  • Rare opportunity to secure a business only management rights of this size in this part of North Brisbane



NB: Property inspections are by appointment only

Date updated: 06 Dec 2019 23:00:06

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $268,715 Remuneration / Body Corp Salary: $193,000

Managers Unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 156Total Units in Letting Pool: 47Holiday Units: 47Agreement Term Remaining: 17 years

Marketing Agent


Marketing Agency

ResortBrokers

Gareth Closter
ResortBrokers

Phone

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Property Map

Map Location ( get directions )

Stafford, Queensland 4053 Exact map location not provided

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