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Management Rights business for sale in Newstead

  • Management Rights
  • Newstead QLD 4006
  • $3.181m + $500K Real Estate

First Time Ever to Market - Newstead MR Netting $489K+ | Resort Brokers ID : MR006732

ResortBrokers are delighted to offer the outstanding opportunity to acquire the permanent management and letting rights to Nero, located in the prime inner-city suburb of Newstead.

- Verified net operating profit by specialist industry accountant of $489,497
- No requirement to live on-site or own a lot in the scheme
- No set office hours stipulated in the agreements
- Nero is a contemporary 9 storey residential building with 107 apartments
- Current letting pool consists of 80 units
- Good mix of finely appointed one, two and three bedroom apartments with superior quality finishes
- 25 year agreements, commenced in November 2017
- Strong Body Corporate salary component of $135,717 + GST
- Associated real estate (Lot 1 on title) located on ground floor includes a reception, large back office, meeting room and private study (92sqm) and a ground level carpark. There are also several other storage areas throughout the building under exclusive use. Purchase price: $500K
- Option to buy 4x tandem lock-up garages (45sqm each) which can be utilised for your own purposes, rented out or sold off to other lot owners in the scheme.  Purchase price: $400K
- Prime Newstead location close to all major amenities, transport options, Valley, CBD and riverside lifestyle.
- Rooftop facilities include a heated pool, sauna, steam room and gym.
- Other common facilities include a Teppanyaki BBQ, pizza oven, resident's lounge & meeting room located next to the pool and visitor parking bays.
- All apartments are equipped with electronic swipe cards/key pads making this an easy to operate building with straight-forward access to every unit. 

NB. All inspections are by appointment only.

Tim Crooks
ResortBrokers®
Tim Crooks
ResortBrokers®

Business Highlights

Business ID2017052754
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Last updated  4 Jun 2021
Map for Newstead QLD 4006
Map for Newstead QLD 4006Newstead QLD 4006
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Tim Crooks
ResortBrokers®
Tim Crooks
ResortBrokers®

Business Highlights

Business ID2017052754
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  4 Jun 2021
ResortBrokers®
362 Montague Rd West End QLD 4101
Tim Crooks
ResortBrokers®
Tim Crooks
ResortBrokers®

Ask Tim Crooks about this business

Tim Crooks

Tim Crooks

ResortBrokers®

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0417544562
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