UPPER MOUNT GRAVATT QLD 4122
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- 29 Sep 2016
MANAGEMENT RIGHTS FOR SALE IN UPPER MT GRAVATT
This is a unique business. It is arguably in the best location you can be in, being in walking distance to Westfield Garden City, The Village cafe and supermarkets precinct and a dynamic commercial hub. Access to the Gateway and M3 Motorways is a short drive away.
The Managers huge 3 bedroom ground floor apartment is spacious and presents itself in top condition. Open plan living area opens out onto a private courtyard. There are three basement carparks on title to this apartment with two parks that could be partitioned off as lockups. Current Manager rents out 2 these carparks with a further 8 other parks. Leases for these are in place.
Included in the sale price is approximately $15,000 of furniture owned by the Manager and rented out to tenants.
A reduced multiplier (3X)has been applied to the income from the 5 outside rental units and the car-parking making an overall multiplier 4.03 for the business.
The building exterior/interior has recently been completely and the building is relatively maintenance free. The Body Corporate sinking fund is healthy with no major expenses forecast.
Please contact EXCL Agent Jim Prentice 0412 984 684 or E email@example.com for more details about this strategically located caretaking and rental business with 3 bedroom apartment.
The complex is right in the heart of Upper Mt Gravatt adjacent to shopping and cafe facilities. Possibly one of the best addresses you will find. It is currently run by one person with time to spare. Income is derived from 15 rental units in the building and 5 rental units in a nearby building. Intending buyers will need to hold or obtain a full Real Estate Licence prior to settlement.
Small pet allowed with B/Corporate approval.
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
UPPER MOUNT GRAVATT