INVESTOR-LED BUSINESS ONLY MLR COMPLEX INNER-BRISBANE WITH 100% IN POOL

ResortBrokers exclusively brings to market this upscale business-only management and letting rights opportunity in the highly desirable Brisbane suburb of Windsor. This business has brand-new agreements with 24 years remaining, providing a long tenure for this investor-orientated complex in one of Brisbane’s prime rental corridors. With no requirement to live onsite and no set office hours to maintain, this opportunity is priced to sell quickly to the astute operator!

  • 100% letting pool with investor based apartment stock
  • Total units 49 plus 2x retail lots that contribute to levies
  • Of the 49 apartments there are five 2 bedroom units which have dual-living creating 54 in the pool
  • 25 year caretaking and letting agreements - 24 years tenure remaining
  • Solid BC salary of $76,500 per annum plus GST
  • 5sqm Manager's office on ground level plus  3sqm cleaner's sink and store on level 1
  • No set office hours and no requirement to live on-site
  • Attractive net profit over $171,662 p.a.
  • Building completed in 2017
  • All inspections by appointment only

 

Listing Ref MRB007783
Property Type Management Rights
Sale Type Management Rights - Business only
State QLD
Region Brisbane
Suburb Windsor
Net Profit $171,662
Price $1,012,805
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Frank Matus

Interested? Why not give Frank Matus a call on 0435 742 698 or

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Tim Crooks
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