Business Only Permanent Management Rights with Nett $105K in West End
This is a boutique building, perfectly located in the prestigious heart of West End, walking distance to South Bank Park and CBD
Close to all the necessary amenities, only a short walk to Conference & Exhibition Centre, Museum, Gallery as well as all vibrant and distinctive award winning dining, shopping, beauty, health & wellbeing precinct and an easy stroll to West End Commercial Street
Easy Caretaking Work
Low workload caretaking work, no pool, no garden, no gym, only BBQ rooftop
Usually 6 hours/week, easy for one person
Long Years Agreement
22 Years agreement on both agreements
$46,255 annually with CPI or 3% adjustment every October, whichever is greater
No Office Hours
No Unit to Buy
If you want to buy a solid management right business and undisturbed lifestyle, it ticks all your boxes.
Please book your inspection immediately with NEXT's agents, Patrick Leou and David Jiang.
Net Profit: $105,234 Remuneration / Body Corp Salary: $46,255Body corp salary review: CPI Annually
No Unit to Buy!
Complex InformationComplex Type: PermanentTotal Units in Complex: 0Agreement Term: 25 yearsAgreement Term Remaining: 22 years