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Management Rights business for sale in Griffin

  • Management Rights
  • Griffin QLD 4503
  • $2,275,000

Price reduced - sub 5x multiplier for large scale permanent townhouse complex | Resort Brokers ID : MR006498

Ideal permanent established management rights businesses with high net income that would suit a husband & wife operator or a management team. The complexes offer affordable townhouses that are extremely attractive to tenants and are always in high demand.

- 114 units across the two complexes producing a solid $382,120 net income
- 99 units in the letting pool with some outside agents to lure back offering upside
- Griffin Outlook features 100% investor profile and extremely low caretaking workload, an ideal 37 unit add on!
- Both complexes developed by Usher
- Manager friendly agreements and caretaking equipt owned and serviced by the BC
- Low rents make for high occupancy and your pick of quality tenants
- Very reasonable multiplier for permanent management rights of this size and scale with 15.5% plus ROI
- Property inspections are by appointment only

Map for Griffin QLD 4503
Map for Griffin QLD 4503Griffin QLD 4503
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362 Montague Rd West End QLD 4101