Teneriffe, Queensland

$1,236,000

Property Description

Business For Sale - Great Opportunity in Teneriffe - ID 8937 BL

- Brisbane Management Rights For Sale
- Great Committee and Great Flexibility
- Located right in the heart of Teneriffe
- Walk to the river for that morning stroll and/or a coffee at one of the many cafes in the area
- This is a simple one/two person role
- Low rise complex of 44 apartments in total
- Very healthy balance sheet - sinking fund
- Excellent Committee
- A good add on for an existing business or run as is
- Good potential for upside with 8 outside managed units
- Body Corporate owned equipment
- If you're looking to kick it down a gear, but still earn a decent income, then this could be the one! No office hours. Good solid rents due to the great rental location. Body Corporate owned and maintained equipment.

Net Profit: $110,000
Asking Price: $1,236,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Brisbane management rights business opportunity contact:

Listing Broker
Lyn Pearsall

Property Summary

Business Snapshot

Price: $1,236,000 Net Profit: $110,000 Remuneration / Body Corp Salary: $65,969Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $750,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Renovated within recent years, Three bedrooms, Two bathrooms, Easterly aspect balcony, Tiled floors, A nice place to live and work, The third bedroom is utilised as the office by the current manager's, 140m² surveyed floor area, Two secure basement car parks

Complex Information

Complex Type: PermanentTotal Units in Complex: 44Total Units in Letting Pool: 18Permanent Units: 18Owner Occupy Units: 18Outside Agent Units: 7Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesPay TV: Yes

Marketing Agent


Marketing Agency

MR Sales

Lyn Pearsall
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Teneriffe, Queensland 4005 Exact map location not provided

Similar Properties

GREAT BUY! MULTIPLIER OF 4.6
Exclusive

MANLY WEST
GREAT BUY! MULTIPLIER OF 4.6

$1,230,000
Net Income: $170,452
Managers Estate: $450,000 3 Bed 3 Bath
Letting Pool: 55
Remuneration: $61,808

Property Bridge
Price at Valuation Done! Permanent in WEST END.
Exclusive

WEST END
Price at Valuation Done! Permanent in WEST...

Will SOLD at Valuation $1.29mil
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Next Business & Property Sales
Permanent Brisbane Management Rights | Resort Brokers ID : MR006283
Updated

WOOLLOONGABBA
Permanent Brisbane Management Rights |...

Under Contract / Offer
Net Income: $246,913
Managers Estate: - - Bed - Bath
Letting Pool: 1
Remuneration: $90,640

ResortBrokers
MR With Prime Bayside Location - Netting >$171K & NO Requirement to live on site | Resort Brokers ID : MR006246
Updated

WYNNUM WEST
MR With Prime Bayside Location - Netting...

$1,346,000
Net Income: $171,720
Managers Estate: $497,000 3 Bed 2 Bath
Letting Pool: 57
Remuneration: $92,314

ResortBrokers
Rent Roll in Brisbane West - 264 Properties | Resort Brokers ID : MR006238
Updated

SOUTH BRISBANE
Rent Roll in Brisbane West - 264 Properties...

$1,304,505
Net Income: $457,721
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

ResortBrokers

MANLY WEST
Business For Sale - Location! Location! -...

$1,200,000
Net Income: $112,257
Managers Estate: $600,000 3 Bed 2 Bath
Letting Pool: 59
Remuneration: $89,760

MR Sales