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TWO NEIGHBOURING PERMANENT COMPLEXES IN BRISBANE'S INNER NORTHSIDE

A ResortBrokers Special! This is a fantastic duo of management and letting rights complexes located right next to each other. Estilo on Kittyhawk is a fully established business whilst its neighbour Estilo on the Park presents as an off the plan opportunity that is currently well-progressed under construction. Our developer/vendor is looking to sell both assets in one transaction so that the successful party can reap the benefits of a larger scale business that comes with a net profit in excess of $580,000.

Highlights of the Combined Offering

  • Both on 25 year Accommodation module agreements
  • High net profit of $583,368
  • Total of 238 apartments + 4 commercial lots
  • Combined Body Corporate salary of $387,793 p.a.
  • No set office hours and manageable duties

Established Complex

  • Developed and run under management by Gardner Vaughan Group
  • 116 apartments with 47 in letting pool
  • 21 years remaining on 25 year Accommodation module agreements
  • 16m2 office on ground level of building 1 (east)
  • Manager required to reside on-site - option to rent or buy a unit

Off the plan Complex

  • Under construction with Stage 1 due to complete in Q3 2024
  • No requirement to live onsite or own a lot
  • Manager's 9sqm office on mezzanine level and storage under OA
  • 100 of 122 units already sold and construction well-progressed
  • Level 1 pool, function room and rooftop with kitchen & deck, gym.

All inspections by appointment only

Listing Ref MR008095
Property Type Management Rights
Sale Type Management Rights - All
State QLD
Region Brisbane
Suburb Chermside
Net Profit $583,368
Price $3,091,850
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Jeff Keast

Interested? Why not give Jeff Keast a call on 0414 669 007 or

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Tim Crooks
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