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Management Rights business for sale in Auchenflower

  • Management Rights
  • Auchenflower QLD 4066
  • $540,000

PRICE REDUCTION - Realistic vendor meets the market! | Resort Brokers ID : MRB006459

Business only MR in Brisbane with a multiple in the 4s? Featuring 41 units with 11 in the letting pool and 3 external letting appointments with strong upside still possible. This complex offers a lavish and spacious office that would rival any onsite office in the country. An arsenal of caretaking equipment supplied by the body corporate gives any operator a walk up start in this riverfront complex. Brand new 10 year agreements have just been implemented removing the requirement for the managers to buy a unit or live onsite, making this a true business only management rights for the first time.

- Business-only management rights in Auchenflower
- Six-figure net profit of $109,132
- Brand new 10 year agreements 
- Huge caretaking salary over $1,800 per lot
- Solid foundation to continue to grow into a long term business
- Supportive Body Corporate with strong top up history
- Property inspections are by appointment only

Map for Auchenflower QLD 4066
Map for Auchenflower QLD 4066Auchenflower QLD 4066
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362 Montague Rd West End QLD 4101