Wynnum West, Queensland

$1,387,944

Property Description

MR With Prime Bayside Location - Netting >$171K & NO Requirement to live on site | Resort Brokers ID : MR006246

This is your chance to secure the management rights to a 57 unit complex in Wynnum with no requirement to live onsite, no set office hours and a net profit in excess of $170k. Located in a highly sought-after bayside suburb and with 35 of the lots in the letting pool, this business offers plenty of upside.



  • Permanent MR complex

  • Comprising 45 townhouse and 12 villas

  • Body corporate salary of $92,314

  • 24 years remain on caretaking & letting agreement

  • No requirement to live on site and NO set office hours

  • Great location near beach and schools in wynnum west

  • Property inspections are by appointment only

Date updated: 01 Apr 2020 01:00:05

Property Summary

Business Snapshot

Price: $1,387,944 Net Profit: $171,720 Remuneration / Body Corp Salary: $92,314

Managers Unit

Value of Managers Apartment: $495,000Bedrooms: 3Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 57Total Units in Letting Pool: 35Holiday Units: 35Owner Occupy Units: 20Outside Agent Units: 2Agreement Term Remaining: 24 years

Marketing Agent


Marketing Agency

ResortBrokers

Jake Crooks
ResortBrokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Wynnum West, Queensland 4178 Exact map location not provided

Similar Properties

WYNNUM WEST
In The Bay Area

$1,358,000
Net Income: $171,720
Managers Estate: $495,000 3 Bed - Bath
Letting Pool: 55
Remuneration: $92,314

RAAS Group
CONVENIENT COASTAL LIVING!
Exclusive

MANLY WEST
CONVENIENT COASTAL LIVING!

Offers Over $1,330,000
Net Income: $176,792
Managers Estate: $480,000 3 Bed 2 Bath
Letting Pool: 50
Remuneration: $58,000

Shine Realty
OPTION TO LIVE OFF SITE
Exclusive

SPRING HILL
OPTION TO LIVE OFF SITE

$1,416,000
Net Income: $161,823
Managers Estate: $600,000 2 Bed 2 Bath
Letting Pool: 63
Remuneration: $94,000

Property Bridge
4.8 LOW Multiplier Permanent Management Rights in West End!
Exclusive

WEST END
4.8 LOW Multiplier Permanent Management...

Under Contract / Offer
Net Income: -
Managers Estate: $750,000 2 Bed 2 Bath
Letting Pool: 65
Remuneration:

Next Business & Property Sales
CBD MANAGEMENT RIGHTS FOR SALE
Exclusive

SPRING HILL
CBD MANAGEMENT RIGHTS FOR SALE

$1,320,000
Net Income: $146,000
Managers Estate: $495,000 3 Bed - Bath
Letting Pool: 36
Remuneration: $84,794

RAAS Group