Grange
$465,000
Management Rights
- 40 Total Units
- Permanent Complex Type
- 12 Letting Pool
- $52,306 Remuneration
- $95,699 Net Profit
- Pets Allowed Features
Property Description
BUSINESS ONLY OPPORTUNITY - INNER BRISBANE
This Brisbane management rights is situated in the inner-northern suburb of Grange, within a highly desirable, upscale townhouse community. The residential complex is nestled at the end of a quiet street, surrounded by leafy parkland and sporting fields. Wilston Village with popular cafes, restaurants, supermarkets and shops is within walking distance, as are local bus stops. Easy access to the Kedron Brook Bikeway adds further to the appeal, leading you all the way out to Nudgee Beach. Located within the Wilston State School catchment area, and only 6 km from the CBD. Body Corporate salary of $52,000 (ex-GST) represents over 50% of Net Income, with salary increasing yearly by the greater of 3% or CPI. Over 19 years remain on Management Agreements. No Real Estate to purchase! Modern, low maintenance complex with easy care gardens. No communal onsite facilities. • No Pool • No BBQ • No Gate • Simple duties - easily managed by one person. • No requirement to reside on-site • No office or obligatory working hours - providing flexibility for an incoming operator. • Attractively high rents • Perfect add-on business or industry entry level complex. • Upside for new managers to convert external lets into the onsite pool Offered for sale by serious sellers ready to negotiate with genuine buyers.
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