Thorneside, Queensland

$1,163,000

Property Description

Business For Sale - Simple To Run Townhouse Complex - ID 8504 BL

- Management Rights For Sale
- No Set Office Hours; Easily Managed Gardens, Small Letting Pool;
- Very low multiplier of 4.4
- No set office hours
- Verified net profit of $117,211
- 26 townhouses and villas for the very manageable letting pool
- Extensive inventory list that goes with the business
- Beautiful Moreton Bay is only a 15-20 minute walk away
- A huge (512m) 2 level, 5 bedroom, 5 bathroom manager's home that includes 2 x 1 bedroom granny flats at one end, netting $17,721 per annum
- Increased earning potential as the manager's home can have sections closed off and run as a Bed & Breakfast apart from the granny flats. Loads of additional income here!
- Get paid more that $1,000 per week to be a part-time gardener. $55,237 + GST per annum salary
- Beautiful, quiet and tranquil bayside lifestyle
- 37 villas and townhouses in total
- This is an easy to run, low maintenance management and letting rights business within a gated complex that would suit first timers. Truly a lifestyle business as it's all about limited grounds maintenance and strong consistent lettings. The sellers, a husband and wife team, operate this business whilst both having part time external jobs.

Net Profit: $117,211
Asking Price: $1,163,000
(Inclusive of manager's real estate)

For further information or to arrange for an inspection of this Management Rights business for sale contact:

Exclusive Broker
Greg Jorgensen

Property Summary

Business Snapshot

Price: $1,163,000 Net Profit: $117,211 Remuneration / Body Corp Salary: $55,237Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $690,000Bedrooms: 5Bathrooms: 5Car Spaces: 2Office: On TitlePets OK: Yes
Huge 5 bedroom home, Includes 2 x 1 bedroom granny flats, 3 lounge areas, Large kitchen and laundry, Double carport, Separate storage areas, Two outside entertainment areas

Complex Information

Complex Type: PermanentTotal Units in Complex: 37Total Units in Letting Pool: 26Permanent Units: 26Owner Occupy Units: 9Outside Agent Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesBBQ Area: Yes

Marketing Agent


Marketing Agency

MR Sales

Greg Jorgensen
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Thorneside, Queensland 4158 Exact map location not provided

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