Skip to main content

Management Rights business for sale in Kangaroo Point

  • Management Rights
  • Kangaroo Point QLD 4169
  • $1,795,000 (GST na)

Business For Sale - UNDER CONTRACT - ID 7860 BL

- Priced To Sell At A 4.58 Multiple on $215,000 Net
- Brisbane management rights for sale
- $14,000 incl GST monthly salary, increased annually by CPI
- Large & comfortable 3 bedroom, 2 bathroom, manager's apartment with 3 external patios
- Ground floor manager's apartment facing north-east and looking out to lawns and gardens
- Large and excellent, fully fitted-out separate office held under exclusive use
- Easy to use REI Master Trust Account Software
- Very manageable 30 units in the letting pool
- Landscaped gardens are filled with slow-growing drought resistance plants
- Prime location features equates to good tenancy demand & rentals
- Minutes walk to the free cross-river ferry services and to the City
- Tennis Court, pool and excellent recreation areas
- Solid evidence of regular top-ups on this 10 year agreement
- Accountant verified annual net profit of $215,000. No office hours. Enjoy a BBQ and the garden outlook from the manager's patio. Large and spacious ground floor 3 bedroom, 2 bathroom, 2 car space manager's apartment.

Net Profit: $215,000
(Verified by leading industry accountant)
Asking Price: $1,795,000
(Inclusive of manager's real estate)

CONFIDENTIALITY CONDITIONS APPLY

For further information or to arrange an inspection of this Brisbane Management Rights business for sale contact:

Listing Broker
Jake Clarke

Business Highlights

Business ID2014610027
Floor Area1m²
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  1 Jul 2019
Map for Kangaroo Point QLD 4169Kangaroo Point QLD 4169
MRSales
Suite 1 Ground Floor, Equinox Sun Resort 3458 Main Beach Parade Surfers Paradise QLD 4217

Ask Jake Clarke about this business

By sending this message, you agree to our Privacy Policy.

CallEmail