Griffin
$3,980,000
6
4
4
Management Rights
- Permanent Complex Type
- 73 Letting Pool
- $264,219 Remuneration
- $445,423 Net Profit
- $1,640,000 Manager's Unit
- BBQ, Pets Allowed, Pool Features
Property Description
LIVE OFFSITE - $445,000 NET PROFIT
For sale now, is the residential Management Rights business to adjoining modern townhouse developments, located just 25 minutes north of Brisbane's CBD. With a sizable rental pool of 73 townhouses, the business also enjoys a handsome Body Corporate Salary of $264,000 p.a. (ex-GST) which equates to near 60% of total annual net profit. This business would suit an experienced and initiative-taking couple or business partners who would have an opportunity to strategically improve the business, growing the onsite letting pool share being one avenue. The business currently operates under management with the business owner residing off-site. Real Estate component of the business is comprised of one townhouse within each of the two complexes. Each townhouse has 3-bedrooms, 2-bathrooms, 2 car spaces and offices attached. The estates are superbly located, adjacent to an abundance of parkland, near public transport, schools, shopping centres, and various amenities. Just minutes away from Westfield Northlakes, IKEA, Costco, Events Cinema, and an excellent array of dining precincts. Seize this grand opportunity now and reap the potential financial rewards for your sharp business strategies.
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