Teneriffe, Queensland

$1,274,000

Property Description

Business For Sale - Under a 5 Times Multiple - 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: $105,000
Asking Price: $1,274,000
(Inclusive of manager's real estate)

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

Listing Broker
Greg Jorgensen

Property Summary

Business Snapshot

Price: $1,274,000 Net Profit: $105,000 Remuneration / Body Corp Salary: $64,503Body 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: 17Permanent Units: 17Owner Occupy Units: 18Outside Agent Units: 8Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesPay TV: Yes

Marketing Agent


Marketing Agency

MR Sales

Greg Jorgensen
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Teneriffe, Queensland 4005 Exact map location not provided

Similar Properties

CONVENIENT COASTAL LIVING!
Exclusive

MANLY WEST
CONVENIENT COASTAL LIVING!

Offers Over $1,330,000
Net Income: $176,792
Managers Estate: $480,000 3 Bed 2 Bath
Letting Pool: 50
Remuneration: $58,000

Shine Realty
IMPRESSIVE BODY CORPORATE SALARY
Exclusive

TINGALPA
IMPRESSIVE BODY CORPORATE SALARY

$1,339,000
Net Income: $184,000
Managers Estate: $418,000 3 Bed 3 Bath
Letting Pool: 63
Remuneration: $133,000

Property Bridge
CBD MANAGEMENT RIGHTS FOR SALE
Exclusive

SPRING HILL
CBD MANAGEMENT RIGHTS FOR SALE

$1,320,000
Net Income: $146,000
Managers Estate: $495,000 3 Bed - Bath
Letting Pool: 36
Remuneration: $84,794

RAAS Group