Brisbane
$1,802,000
3
2
2
Management Rights
- Permanent Complex Type
- 14 Letting Pool
- $134,203 Remuneration
- $180,800 Net Profit
- $880,000 Manager's Unit
- BBQ, Pets Allowed, Pool Features
Property Description
NEW BUILDING - BRISBANE
Bringing unsurpassed living to Coorparoo, this quality, as new, Brisbane Management Rights business is one not to miss! Taking sophisticated urban living to new heights, these visually striking residential apartments deliver a premium lifestyle. Nestled on the fringe of the Brisbane CBD, close to public transport, the very best schools, universities, parklands and shopping centres, you will relish this oasis. • 4km from Brisbane CBD • Transport at your doorstep • Minutes from quality private and public schools, including Churchie! • 5-minute walk to Coles, Woolworths, Aldi, and Dendy Cinemas Business Highlights include: • 24 plus years remain on these brand-new Management Agreements. • A Body Corporate Salary of $134,000 (ex-GST), increasing yearly by CPI, incorporated into a total Net Profit of approx. $180,000 represents 75% of total income. • On-site rental pool of 14 apartments • Minimal common area gardening obligations. • Primarily managing this beautiful building with a boutique pool of onsite rental properties. Future Earning Potential: • 3 apartments yet to be completed, therefore expect an increase in Body Corporate Salary of $3800 p.a. • Cleaning and management of associated retail and commercial lots and common areas. Manager's residence is a stylish, roomy, and comfortable apartment featuring 3 bedrooms, 2 bathrooms, 2 parking spaces, and a large balcony, making it ideal for family living. Save time in traffic by being so close to the best of schools! Enjoy resort style amenities, including swimming pool and recreation area, meeting room, gym, and BBQs. 5-minutes' drive to the prestigious Churchie school (Anglican Church Grammar), 12 minutes to Brisbane Girls Grammar, 8 minutes to Somerville house. Walk to supermarkets, cinemas, schools, restaurants, coffee shops... everything in a short distance! This unique business represents a golden opportunity for you! Contact me now for more information.
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