Exclusive
EXCEPTIONAL BUSINESS ONLY - RIVERFRONT PERMANENT MR - NOP $540K+
Situated directly on the Brisbane river in a prime city-fringe suburb, on offer are the management rights to a permanent residential complex comprising circa 200 apartments.
Caretaking duties, including gardening and cleaning, are managed by contractors, with all actual wages transparently reflected in the profit and loss statement. No requirement own real estate or live onsite.
- Total of c.200 apartments with c.40 in the onsite pool
- Recently topped up caretaking/letting agreements
- Pure business-only with no real estate to purchase and no onsite living requirements
- High performing established business showing strong returns and offering flexible operation
- Body corporate salary increases with CPI annually, currently at c. $380K per annum
- Significant upside from onsite sales commisions - $200K+ per annum (not in sales P&L)
- All cleaning and gardening handled by contractors, with actual wages transparently shown in accounts
- Manicured gardens maintained at body corporate expense, reducing operational workload
- Directly overlooking the river; Brisbane's most prestigious residential complex
- Inspections by appointment only
