Sold
Management Rights · Scarborough · MR008366
Exceptional management rights opportunity located right on the stunning Scarborough waterfront. This impressive 131 apartment complex offers a high net income and a substantial body corporate salary. With no requirement to reside onsite, this is the ultimate investment for savvy managers and can easily be managed by one person.
Permanent Business Only - Absolute Beachfront with Strong Net Profit over $240k
Exceptional management rights opportunity located right on the stunning Scarborough waterfront. This impressive 131 apartment complex offers a high net income and a substantial body corporate salary. With no requirement to reside onsite, this is the ultimate investment for savvy managers and can easily be managed by one person. Business Price: $1,250,000 Office Price: $100,000 Total Price: $1,350,000
- Net profit
- $242K
- Asking $1,350,000
- Status
- Sold
The business at a glance.
- Permanent business only – High net profit over $242k
- No office hours – No unit to buy
- Solid BC salary - $212,923 - Over 88% of total income
- Modern apartments with a small letting pool to manage
- Podium-level swimming pool with gardens and outdoor seating
- Ground-floor office on title to purchase – $100k
- Easily managed by one person
- Perfect add-on for a local operator or newcomer to the industry
- Beautiful bayside location close to cafes, restaurants, transport, and amenities
- Inspections by appointment only
The asset, the manager unit, the location.
Scarborough, QLD
Scarborough, QLD
Talk to the broker.
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Jeff Keast
Specialist Accommodation Broker, Brisbane
0414 669 007
07 3878 3999
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