Deception Bay
$3,550,000
3
2
2
Management Rights
- 215 Total Units
- Permanent Complex Type
- 48 Letting Pool
- $365,809 Remuneration
- $495,193 Net Profit
- $700,000 Manager's Unit
- Pets Allowed, Pool Features
Property Description
$495,000 NET PROFIT - SALARY $365,000
With no requirement for the business owner to live on site, the incoming manager has flexibility where required. Current managers have enjoyed the fruits of success operating this outstanding residential north Brisbane Management Rights business for a good many profitable years. With long management agreements in place and a Body Corporate Salary of over $365,000 p.a. (plus GST), representing approximately 73% of net profit, this is a rock-solid investment for the savvy operator wanting to take their business to the next level. Being a long-standing rental hotspot you are assured of having the luxury of selecting the very best of tenants coupled with premium rents. Onsite facilities are modest with swimming pools being the primary responsibility, coupled with easy care common areas and straight forward caretaking duties. A comfortable stand-alone villa provides 3-bedrooms, 2-bathrooms, 2 car garage, attached office, and a huge back yard at an affordable $700,000. All as a part of this package to accommodate the nominated onsite manager. This business provides for a superb return on your investment! Hurry! Contact me now for details.
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