Sold
Management Rights · Chermside · MRB008324
This is a superb opportunity to secure the management rights to two established permanent apartment complexes in Brisbane's northside central hub of Chermside. Offering a net profit of $317,612 with genuine work flexibility, no set office hours, no real estate requirements and long tenure remaining on 25 year agreements, this is a profitable opportunity for all management rights operators to consider.
BUSINESS ONLY DUO IN HOT INVESTMENT AREA OFFERS GREAT INCOME & WORK FLEXIBILITY
This is a superb opportunity to secure the management rights to two established permanent apartment complexes in Brisbane's northside central hub of Chermside. Offering a net profit of $317,612 with genuine work flexibility, no set office hours, no real estate requirements and long tenure remaining on 25 year agreements, this is a profitable opportunity for all management rights operators to consider.
- Net profit
- $304K
- Asking $1,743,878
- Status
- Sold
The business at a glance.
- Located in prime Chermside area, just 300m apart making it easy to manage
- Newly topped up agreements with 22 years and 20 years respectively
- Consists of 132 apartments across the two complexes
- 28 in the onsite letting pool plus 8 external lettings nearby
- Underpinned by BC salary of $237,246 representing nearly 75% of the net income
- Offers superb rental accommodation / investor stock in this busy pocket of Brisbane
- Key employment and transport drivers in the immediate vicinity
- No real estate to own, exclusive use offices in both buildings
- No set office hours and very manageable duties
- Plenty of upside potential for an active and hands on manager
- All inspections by appointment only
The asset, the manager unit, the location.
Chermside, QLD
Chermside, QLD
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