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