Stones Corner, Queensland

Under Contract / Offer

Property Description

PURE BUSINESS-ONLY MANAGEMENT RIGHTS - 5KM TO THE CITY | Resort Brokers ID : MRB006485

Oxy Stones Corner is an ideal business add-on opportunity for an experienced operator to acquire a near-new, permanent management rights in a popular region of Brisbane's inner-southside under 6km to the city.


A luxurious, eight-level residential building comprising 60 high quality apartments, Oxy Stones Corner was delivered in March 2019 and the management of the building has been successfully set up and established by the developer/builder.


This business-only management rights requires no committment to purchase a lot or reside on site making it an excellent addition to an operator's existing portfolio. This exclusive opportunity offers the manager a solid Body Corporate salary, underpinned by lengthy Caretaking & Letting agreements and a strong letting pool with over 75% of units secured on permanent leases. The caretaking duties are very manageable and there is further upside potential to increase revenue.


The striking architecture has a stylish and functional flair and features a superior finish. Offering a mix of one, two and three bedrooms designs, all units are spacious with open-plan living, decent entertainment balconies, intelligent storage and contemporary kitchens and designer bathrooms.


Oxy gives residents quick & easy access to the Eastern busway and Pacific motorway, two private hospitals, multiple schools & recreational facilities, clubs & commercial hubs. Stones Corner Village has a variety of restaurants, bars, cafes & Aldi and Buranda Village is a just a few minutes away with major supermarket chains and retailers. Close to landmarks such as The Gabba, Coorparoo Square, South Bank and West End - it is the perfect location for convenience and long-term growth.


Highlights include:



  • 24 years remaining on Caretaking and Letting Agreements (from Jan 2019)

  • Strong letting pool with 45 units in the pool

  • Easy caretaking duties to undertake with no set office hours

  • No real estate to buy or own in building

  • Rooftop gym and stunning open-air terrace with outdoor seating & BBQ facility

  • Welcoming foyer entry with intercom entry and two lifts accessing all levels

  • Underground carparking and storage facility

  • 1 x 3 bedroom house within letting pool





Date updated: 18 Nov 2020 01:00:04

Property Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $156,470 Remuneration / Body Corp Salary: $60,000

Managers Unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 60Total Units in Letting Pool: 45Holiday Units: 45Owner Occupy Units: 15Agreement Term Remaining: 25 years

Marketing Agent


Marketing Agency

ResortBrokers

Tim Crooks
ResortBrokers

Phone

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Map Location ( get directions )

Stones Corner, Queensland 4120 Exact map location not provided

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