Sold
NEW FARM & KANGAROO POINT BUSINESS-ONLY MLR WITH $280K NET
A sensational opportunity to secure an easy to operate trio of business-only management rights, located in the heart of Brisbane's inner-city circle.
A sensational opportunity to secure an easy to operate trio of business-only management rights, located in the heart of Brisbane's inner-city circle.
- Net profit
- $280K
- Asking $1,680,000
- Status
- Sold
The business at a glance.
- Three business-only complexes - built between 2018 and 2021
- No real estate to buy or requirement to live on site in any building
- No set office hours stated in any of the agreements
- Generous Body Corporate salary of $160,000 per annum + GST - CPI increase annually
- 107 total units across the three buildings
- 51 units in the letting pool + 2 off-site rentals (in close proximity)
- All three businesses are located 4 to 8 mins apart
- Situated in prime inner-city suburbs of East Brisbane, Kangaroo Point and New Farm
- Two complexes are based on Accommodation Module 25 year agreements
- One complex is caretaking only based on 10 year standard module
- One office space (under Occupational Authority) located in East Brisbane complex
- All complexes have storage rooms or cages for cleaning, chemicals and equipment
- On-site facilities include rooftop pool, gym and BBQ
- Perfect as an add-on for experienced managers
The asset, the manager unit, the location.
East Brisbane, QLD
East Brisbane, QLD
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