LARGE NET BUSINESS-ONLY IN NEAR-CITY LOCATION

With upside potential, a strong Body Corporate salary and manageable caretaking requirements, this business-only management rights is the perfect add-on or entry level option for a two-person team.

  • 156 modern apartments with quality design and fitout
  • 41 letting appointments, 30 resident owners and 85 outside agents 
  • $270,000 net profit with large portion of BC salary
  • No requirement to own a unit or reside on-site
  • No office to manage and no set hours
  • Upside to be explored by adding in repairs and maintenance 
  • Central communal pool and BBQ area for resident use
  • Located in booming suburb circa 8km to Brisbane city centre
  • Opposite Stafford Shopping complex, walk to bus stops & close to Airport Link
  • 15 years remaining on Agreements ready for top-up
  • Very desirable position with consistent demand for rentals

 

Listing Ref MRB006621
Property Type Management Rights
Sale Type Management Rights - Business only
State QLD
Region Brisbane
Suburb Stafford
Net Profit $273,895
Price $1,377,020
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Tim Crooks

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