Management Rights - South Brisbane, QLD

South Brisbane, QLD


Property Description

Fantastic Location in South Brisbane

A busy corporate let complex ideally located in the heart of booming South Brisbane . The business is ideal as most units are 1 bedrooms and studio unlikely to ever be sold to owner occupiers. The location is first class - minutes walk to the South Bank entertainment and conference precinct and the popular cultural hub of West End . The city is a mere 10 minutes walk. This property is a real alternative to a motel and will appeal to anyone looking for an inner city Brisbane cash flow business
Income $305,399
Unit $550,000
Business $1,450,000
Total $2,000,000
This is a 4.7 multiplier
P&L done by Sam Hodges of Mcadam Siemon
The BC Salary has gone up by $1,223 since the P&L was done.which has not been added in
Any reasonable offer will not not be rejected. Very motivated vendor
Please contact Robert Collins of RAAS on 0404678792 or
Financial Overview

Body Corp Salary:
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
Net Profit:
Manager's Unit Price:
Management Rights Price:
Letting Business

Est. Year Built: 2003
Total Units In Complex: 50

Inside Letting Pool

Permanent: 0
Holiday: 0
Corporate: 32
Total: 32

Outside Letting Pool

Lock Up: 0
Outside Agents: 6
Self Managed: 0
Owner Occpd: 12
Total: 18

Number & Type In Letting Pool
Number Type Features
16 1 Bed Units Fully Furnished
3 2 Bed Units Fully Furnished
13 1 Bed Studio Units Fully Furnished

Booking Type Details
Corporate Variable
Manager's Unit & Office

Manager's Unit Size: 2 Bedrooms , 2 Bathroom
Office Reception: Exclusive Use
Office Software: RMS
Office Hours: Nil
Storage: Plenty
Office Computer: One
Module: Accommodation
Agreement Term: 25 Years
Years To Run: 20 years
Manager's Unit Description: Unit fully carpeted and tiled. Large with attached court yard,air con,ensuite, a very desirable and liveable unit with two secure car space


Pool: Yes
Spa: Yes
Gym: No
Tennis Court: No
Sauna: No
Foxtel: No
Cable Installed: Yes
Pets Allowed: Yes
Barbeque Area: Yes
Wireless: Yes

Other Facilities: This is a great business with loads of potential in one of the best locations in Brisbane. You are only a short walk from South Bank and West End.This offers great lifestyle as well as a lucrative business opportunity.Manager can have a pet with BC approval. Do not have to live on site and can rent managers apartment. Rental figures are not in P&L
Top up coming shortly so there will be 25 years to run of a 25 year agreement
This complex is GV complaint.

Property Agent

Robert Collins

Robert Collins

Phone: 0404 678 792
Office: 1300 282 370

Email Listing Agent

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