Hamilton
$6,968,000
2
2
1
Management Rights
- Permanent Complex Type
- 119 Letting Pool
- $694,059 Remuneration
- $1,028,419 Net Profit
- $900,000 Manager's Unit
- BBQ, Pets Allowed, Pool Features
Property Description
$1M NET INCOME - SALARY $700K
Property Bridge is proud to offer this outstanding Brisbane Management Rights business package. With an unbeatable location, this business is comprised of several modern residential riverside apartment buildings, all in remarkably close proximity to each other. This allows for the seamless coordination of operations and management teams. Combined net profit of over $1M includes a healthy Body Corporate renumeration components of $700K p.a. This represents a solid income base given approximately 70% of revenue is derived from strata salaries. Caretaking duties are straight forward, and overall common area amenities are modest. There is also the opportunity to secure a significant number of apartments, currently managed by external agents, and thus handsomely improve the businesses bottom line. Presently the Manager's 2-bedroom, 2-bathroom apartment is leased out at $39,000 p.a. This represents the only real estate component of the business package as office and storage are provided via Occupation Authority. Furthermore, the apartment can be separated from the business if required. As would be expected from such as a high-demand prestigious rental location, quality tenant selection is never an issue. With landmark retail and hospitality experiences, Hamilton has been truly solidified as a forward-thinking retail and lifestyle destination. You will find an array of trendy restaurants, lively bars, boutique fashion shops, and cinema at your doorstep. Bretts Wharf City Cat terminal is a stone's throw away and you will be spoilt with the selection of prestigious private schools. Just 6 kilometres from Brisbane's CBD, and easy access to the airport. High calibre business operations such as this one are in demand. Contact Bobo Qi now for a further information.
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