Teneriffe
$1,400,000
Management Rights
- Permanent Complex Type
- 17 Letting Pool
- $147,075 Remuneration
- $225,761 Net Profit
- BBQ, Pets Allowed, Pool Features
Property Description
NO REAL ESTATE - BLUE CHIP RIVERFRONT
Set against the stunning canvas of the Brisbane River, this unique residential Management Rights captures Teneriffe's coveted waterfront lifestyle. Business Highlights: • No Real Estate to purchase • Office on-site with Occupational Authority • Very manageable workload • High-calibre professional tenants, paying premium rents • Fantastic occupancy rates • Body Corporate Salary of $140,000 per annum, plus GST, increasing by CPI yearly • Sound Net Profit over $225,000 p.a. Building Highlights: • Recently updated resort-style pool and riverside BBQ terrace • Beautiful, modern waterfront apartments • Direct riverwalk access • Secure car parking and ample visitor spaces Lifestyle Highlights: • Stroll along Brisbane's Riverwalk, Gasworks Plaza, James Street, and all that Teneriffe has to offer! • Easy access to CityCat, bus routes and nearby bikeways • Less than 3km from Brisbane's CBD • Doorstep to New Farm State School, Holy Spirit, All Hallows & Brisbane's top privates • Enjoy Teneriffe's postcard lifestyle No real estate to buy, Office on-site, No requirement to live on-site, Premium location. Act now!
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