Spring Hill
$1,167,500
2
1
1
Management Rights
- 39 Total Units
- Permanent Complex Type
- 20 Letting Pool
- $70,094 Remuneration
- $115,000 Net Profit
- $650,000 Manager's Unit
- Pets Allowed, Pool Features
Property Description
BRISBANE CITY OASIS - SUIT FIRST TIME BUYER
Here is your opportunity to acquire this fantastic boutique Brisbane Management Rights business. This quiet, tropically landscaped, residential complex sits within the charming inner-city suburb of Spring Hill. Your very own oasis on the fringe of the CBD. Managing this well-presented building featuring a resort style pool and secure parking would be well suited to a buyer new to this industry. Coveted by eager prospective tenants wishing to reside in such an attractive and convenient location, there are always excellent rental applications to ensure you maintain a quality letting pool. Presently, the Body Corporate Salary sits at $70,000 p.a. plus GST. This represents 60% of Net Profit and provides for long term security for the resident manager. Additionally, there is an exciting opportunity to bring on board a further seven apartments into the letting pool currently held by external agents. This would increase handsomely your profit results! With a solid 22 years remaining on the Management Agreements, this is the icing on the cake for those buyers looking to secure their first business in the Management Rights industry. Your manager's onsite residence will be a homely, 2-bedroom, 1-bathroom, 1- car apartment with office attached and on the same title. Several top private schools are located near Spring Hill, including St Joseph's College, IES College, Brisbane Girls Grammar, Brisbane Grammar, St Peters Lutheran College, and St James College. And with even more to look forward to, the new 63,000 seat stadium to be built for the 2032 Olympic Games, in Victoria Park will only be 2 km away. Existing and profitable times! Enjoy the ambiance and lifestyle opportunities of Spring Hill or stroll to the CBD. The world is your oyster.
Your Trusted Management Rights and Resort Sales Brokers
