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Richlands QLD 4077
Sold on 1 Jun 2021

Richlands QLD 4077

  • Hotel, Motel, Pub & Leisure
  • Sold

MODERN PERMANENT MR - $388K+ NET PROFIT | Resort Brokers ID : MR006475

    Presented to market exclusively by Resort Brokers for the first time, is the opportunity to purchase the management rights and manager's residence to a high quality, architecturally designed townhouse complex, located in the Brisbane growth suburb of Richlands.

    - Total of 165 X 3 and 4 bedroom townhouses
    - 148 units managed in onsite letting pool, with 7 outside agents and 7 owner occupiers.
    - Over 21 years remaining on caretaking and letting agreements
    - Clean P&L made up of almost entirely BC salary and letting income
    - Solid BC salary of $187,572 (ex GST)
    - No requirement to live on site, no set office hours, easy to maintain grounds
    - Inclusive of manager's unit and 32 sqm office ($407,000)
    - Walk to Richlands Plaza, 10 mins to Greater Springfield, 5 mins to major Motorways
    - 3 other neighbouring complexes in Richlands also on market
    - Call agents Tim Crooks or Alex Cook for further information
    - Please click on the youtube icon below for a summary video on the offering.

    Property Highlights

    Date Sold1 Jun 2021
    Floor AreaAsk Agent
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2018512410
    Category
    Last updated  3 May 2023
    Map for Richlands QLD 4077

    Property Highlights

    Date Sold1 Jun 2021
    Floor AreaAsk Agent
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2018512410
    Category
    Last updated  3 May 2023
    362 Montague Rd West End QLD 4101

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