Wynnum West, Queensland

$1,346,000

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: 14 Aug 2020 23:00:05

Property Summary

Business Snapshot

Price: $1,346,000 Net Profit: $171,720 Remuneration / Body Corp Salary: $92,314

Managers Unit

Value of Managers Apartment: $497,000Bedrooms: 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

Nathan Eades
ResortBrokers

Phone

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Property Map

Map Location ( get directions )

Wynnum West, Queensland 4178 Exact map location not provided

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