This well-established management rights business in Wynnum North generates an annual net profit of $292,340, supported by a very stable letting pool of 53 of the scheme’s 85 townhouses.
With a prime bayside location and modern complex, built in 2015, the letting component of the business is underpinned by consistently strong tenant demand.
A major standout is the managers residence — a highly appealing 3-bed, 2-bath residence which the operator is free to live in or add to the letting pool for extra income, the choice is yours. The current operator has the residence leased to a long-term tenant.
Caretaking duties are straightforward and easily managed by one person. With no set office hours, the incoming manager has full flexibility in how they run both the caretaking and letting operations. With no requirement to reside on site, this business represents a highly desirable opportunity offering exceptional flexibility.
Recently topped-up Accommodation Module agreements to the maximum 25 years demonstrates strong support from the body corporate and provide excellent security of tenure.
Don’t miss this opportunity to secure a high-performing management rights business in a prized bayside location.
Contact Jeff today for an inspection!
Interested? Why not give Jeff Keast a call on 0414 669 007 or jeff@resortbrokers.com.au
