KIPPA-RING QLD 4021
$3,105,000 (under offer)
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- 28 Oct 2016
Business For Sale - Large Permanent North Brisbane - ID 8240 H
- Northern Brisbane permanent management rights ideal for two families
- Managers residence is large 4 bedroom, 2.5 bathroom townhouse with double lock up garage and private courtyard
- The second residence, a 3 bedroom townhouse, is currently rented out at $345 per week
- Attached office, Console software, most tenants pay rent via EFT
- Long agreements expiring 2035 and 2033. Combined Body Corporate salary of $168,000+ with CPI increases
- 150 x 3 bedroom townhouses - 145 in the letting pool averaging rents of $330 per week
- Small amount of gardening, no pools to maintain!
- Pet permitted for the manager with Body Corporate approval
- Real estate priced at $840,000 ($475,000 + $365,000).
Net Profit: $412,000
Asking Price: $3,105,000
(inclusive of managers real estate)
For further information on this management rights opportunity contact Exclusive Agent David Rotheram
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information