FOUR NEAR-NEW NORTH-SIDE BUSINESS-ONLY MANAGEMENT RIGHTS | Resort Brokers ID : MRB006520
For the first time ever to market, ResortBrokers is excited to bring you this exceptional business-only MLR opportunity of significant scale boasting a net profit in excess of $500K.
The perfect acquisition for an astute management rights operator to secure the premium business-only rights to four high quality complexes located within close proximity to each other on the northside of Brisbane.
- Unique bundle of four independent complexes built between 2018 - 2019
- Between 23-24 years remaining on Caretaking and Letting Agreements
- 163 apartments / townhouses across the four properties
- Offering 143 letting appointments in total
- Solid combined Body Corporate salary of $172,511 per annum
- No set office hours and no real estate to purchase
- 3 x modern apartment buildings and 1 x mid-scale townhouse site of 52 units
- Easy caretaking workload with minimal communal facilities
- All four are located close to major employment nodes ensuring tenant stability
Date updated: 15 Jan 2021 23:00:06
Net Profit: $514,518 Remuneration / Body Corp Salary: $172,511
Complex InformationComplex Type: PermanentTotal Units in Complex: 163Total Units in Letting Pool: 143Holiday Units: 143Owner Occupy Units: 20Agreement Term Remaining: 25 years