Wynnum West
$598,000
Management Rights
- 36 Total Units
- Permanent Complex Type
- 20 Letting Pool
- $45,456 Remuneration
- $110,000 Net Profit
- Pets Allowed, Pool Features
Property Description
BRISBANE BAYSIDE - BUSINESS ONLY OPPORTUNITY
With no Real Estate to purchase this modern, simple and compact Management Rights operation is now offered for sale. Manageable duties and 23 years to run on agreements make this townhouse complex ideal as an add-on business or single person operation. The Wynnum West location is enjoying strong growth and rental demand from those attracted to the bayside lifestyle. Just a short walk to Wynnum Plaza shopping and cafes, and close to M1, public transport, good schools, sporting / health facilities and waterfront activities. Profit and Loss statement by an industry accountant shows a Net Profit of $110,000 for the twelve months to 30th April 2024.
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