Varsity Lakes, Queensland

$2,850,000

Property Description

Business For Sale - Rare Find in Varsity Lakes - ID 8941 BL

- This permanent townhouse complex boasts 100% occupancy; they have a wait list of tenants wanting to move in
- 76 in the letting pool
- Situated close to schools, shops and transport
- The manager's residence is a spacious 3 bedroom townhouse, with double garage attached
- Spacious office attached and on title with no set office hours
- Long agreement and happy Body Corporate
- Net Profit: $386,500
- Asking Price: $2,850,000 (Inclusive of manager's real estate)

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

Listing Management Rights Brokers
Lyn Pearsall & Amanda Rowe

Property Summary

Business Snapshot

Price: $2,850,000 Net Profit: $386,500 Remuneration / Body Corp Salary: $233,400Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $585,000Bedrooms: 3Bathrooms: 2Car Spaces: 3Office: On TitlePets OK: Yes
Three bedroom townhouse with spacious office attached, Two car garage with internal access to the residence, plus additional car parking outside.

Complex Information

Complex Type: PermanentTotal Units in Complex: 99Total Units in Letting Pool: 151Holiday Units: 75Permanent Units: 76Owner Occupy Units: 19Outside Agent Units: 3Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesBBQ Area: Yes

Marketing Agent


Marketing Agency

MR Sales

Lyn Pearsall
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Varsity Lakes, Queensland 4227 Exact map location not provided

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