Townsville, Queensland

$875,000

Property Description

Business For Sale - No Office Hours and a 17% Return in Townsville - ID 8880 BL

- Great Committee - 22 Years Remaining on Agreements
- Management Rights For Sale
- Before contract settlement, there will be a dedicated onsite office available
- 22 years remaining on the Accommodation module agreements
- A single person manageable 56 letting pool units
- Great opportunity to grow the pool with 13 outside agents
- Great annual salary of $77,000 + GST, reviewed annually by CPI
- 2 and 3 bedroom unit designs within a 2011 built complex of 70, built over 3 levels
- 2 bed, 2 bath manager's unit is well presented with a 90m area on the top floor and air-conditioned
- The managers unit has a car space plus an additional 14m store area
- Complex is easily maintained and has pool, BBQ, cable TV, NBN and gated entry
- Easily run business with no office hours. An excellent 17% return on investment, including real estate. Perfect for the first time operator or someone looking to add to an existing business.

Net Profit: $150,819
(Verified by Holmans Accountants)
Asking Price: $875,000
(Inclusive of manager's real estate)

For further information or to arrange an inspection of this Townsville management rights business for sale contact:

Listing Broker
Greg Jorgensen

Property Summary

Business Snapshot

Price: $875,000 Net Profit: $150,819 Remuneration / Body Corp Salary: $77,726

Managers Unit

Value of Managers Apartment: $270,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Pets OK: Yes
Well presented and a good size, Positioned on the top floor, Stainless steel appliances, Lots of cabinet space, Tiled floors, Ceiling fans, Ensuite and walk in robe to the main bedroom, Air conditioned, Secure basement car park, 76m² living area, 14m² balcony

Complex Information

Complex Type: PermanentTotal Units in Complex: 70Total Units in Letting Pool: 56Permanent Units: 56Owner Occupy Units: 1Outside Agent Units: 13Agreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesBBQ Area: YesPay TV: Yes

Marketing Agent


Marketing Agency

MR Sales

Greg Jorgensen
MR Sales

Phone

Listing Tools

This listing last updated: 10th September 2018

Property Map

Map Location ( get directions )

Townsville, Queensland 4810 Exact map location not provided

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