Teneriffe, Queensland

Management Rights $2,231,494

Property Description

UNDER OFFER - Prestigious Management and Letting Rights in the heart of riverside Teneriffe - 1P4341MR

A combined business opportunity at Teneriffe in the heart of the Brisbane's most prestigious city residential and recreational precinct. The business is composed of two contiguous MLR businesses plus one small non-MLR caretaking.

Work life balance is achievable. This home/business provides you with the best restaurants; a ferry ride to the Brisbane Jazz Club; the nearby arts and cultural hub, the renowned Brisbane Powerhouse; and most importantly no travel time to work.

TOTAL NUMBER OF UNITS : 98
UNITS IN LETTING POOL : 50 + 3 Boutique external rentals

MANAGERS RESIDENCE : A beautifully appointed two bedroom, two bathroom home with a large separate office. With a generous relaxing patio overlooking the front garden and tandem two car parking this home/office package has all needs catered to.

NET PROFIT : $299,536

REAL ESTATE PRICE : $690,000
BUSINESS PRICE : $1,541,494
TOTAL ASKING PRICE : $2,231,494

Property Summary

Business Snapshot

Price: Management Rights $2,231,494 Net Profit: $299,536 Remuneration / Body Corp Salary: $186,252

Managers Unit

Value of Managers Apartment: $690,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
A beautifully appointed two bedroom, two bathroom home with a large separate office. With a generous relaxing patio overlooking the front garden and tandem two car parking this home/office package has all needs catered to.

Complex Information

Complex Type: MixedTotal Units in Complex: 98Total Units in Letting Pool: 58Holiday Units: 58Owner Occupy Units: 42Outside Agent Units: 6Agreement Term Remaining: 17 yearsPool: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS

Marketing Agent


Marketing Agency

CRE Brokers

Peter Sagner
CRE Brokers

Phone

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Property Map

Map Location ( get directions )

Teneriffe, Queensland 4005 Exact map location not provided

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