Teneriffe
$2,960,000
3
1
2
Management Rights
- Permanent Complex Type
- 28 Letting Pool
- $262,172 Remuneration
- $350,353 Net Profit
- $990,000 Manager's Unit
- BBQ, Pets Allowed, Pool Features
Property Description
NO NEED TO LIVE ON-SITE - PLENTY OF POTENTIAL
This premium residential Brisbane Management Rights business offers so much and yet has more to give! Highlights are: - 22 years remain on Management Agreements - Net profit $350,000 - Including Body Corporate Salary $262,000 - Manager's apartment is leased out for over $28,000 p.a. (excluded from above income) - Office on separate Title - No office hours stated - No requirement to live on-site - Significant potential to bring onboard up to an additional 81 apartments into your onsite letting pool. Businesses of this calibre, with yet so much more to offer, in terms of potential income gains are indeed rare. Savvy business operators will find the purchase of this business, value for money, financially rewarding and lucrative. The Manager's residence is a roomy and modern 3-bedroom, 1-bathroom 2-car apartment. Onsite office is on a separate title. Ownership of 2 lots provides the manager with corresponding 2 votes at general meetings. Onsite pool, BBQ and gardens are enjoyed by residents. As are scenic strolls along the Brisbane River boardwalk to Newstead, New Farm Park, Brisbane Powerhouse, weekly markets, and beyond. Teneriffe ferry terminal is a stones though away. Soak in Teneriffe's cafes, restaurants and bars. Shopping and entertainment await at nearby Gasworks, James Street and Howard Smith Wharves. Brisbane's CBD is only 3 km away. Do not miss this business opportunity! Contact me now.
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