Burpengary
$1,760,000
3
2
2
Management Rights
- Permanent Complex Type
- 34 Letting Pool
- $155,640 Remuneration
- $259,280 Net Profit
- $700,000 Manager's Unit
- BBQ, Pets Allowed, Pool Features
Property Description
OPTION TO LIVE OFF SITE - 24 YEAR AGREEMENT
Secure this solid Management Rights business, now for sale. Current owners have enjoyed excellent financial returns and a stable business over the last six years. This well-maintained residential complex offers versatility for the businesses management team amidst a relaxed living environment and resort-style amenities. A great place to enjoy family life! Body Corporate presently allows an approved nominee to reside on-site within the manager's residence. This being a 3-bedroom, 2-bathroom, low set standalone villa, complete with double lock up garage and office attached. Financially the business presents well, with an annual Body Corporate salary, increasing yearly by CPI, of $155,000 plus GST, within a total Net Profit of $259,000 p.a. The Management Agreements have recently been topped up and therefore in excess of 24 years remain on contracts. Centrally located in the heart of Burpengary, this complex is just moments from Burpengary Plaza, local primary and secondary schools, public transport, and a range of dining and takeaway options. A short drive to Westfield North Lakes, IKEA, Costco, and Narangba Valley Tavern. Enjoy easy access to the Bruce Highway, with Brisbane CBD only 40 minutes away, the Sunshine Coast reachable in under 50 minutes, and Redcliffe's waterfront lifestyle just 25 minutes from your door. Invest in this business and enjoy the benefits of inheriting a well-run complex, a great return on your investment and a supportive Body Corporate committee.
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