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: 14 Jan 2020 23:00:06Property Summary
Business Snapshot
Price: Under Contract / Offer Net Profit: $268,715 Remuneration / Body Corp Salary: $193,000Managers Unit
Complex Information
Complex Type: PermanentTotal Units in Complex: 156Total Units in Letting Pool: 47Holiday Units: 47Agreement Term Remaining: 17 years
Listing Tools
This listing last updated: 15th January 2020
Property Map
Map Location ( get directions )
Stafford, Queensland 4053 Exact map location not provided
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