RCA Business Brokers are pleased to offer for sale the management rights to this prestigious permanent rental complex in the city close to some of brisbane most prestigious schools.

Property Description

  • Within 1Km of the Queen Street Mall
  • Walking distance to Premier Private Schools
  • Luxury 3 bedroom Apartment
  • Accommodation Module Agreements
  • Nett Income approx $174,329 per annum
  • First time on the market in 10 years

Pricing

NOTE: All property and business information and pricing is correct at the time of going to market. Please contact us for the detailed information memorandum.
Management Rights $$910,000
Managers Unit $ $655,000
Managers Lot/s $
Total Price $$1,565,000

Management Rights Business Information

NOTE: All property and business information and pricing is correct at the time of going to market. Please contact us for the detailed information memorandum.
LocationSpring Hill
Business TypePermanent Rentals
Building Age15
Building Levels/Floors10 Levels
Net Profit $ $174,329
Caretaking Fee $$83,161 + GST
Total Lots in Complex51
Letting Pool Units27
Letting Agreement Term19 Years Remaining of 25 Years (5 Year Top Up Due at next AGM)
Caretaking Agreement Term19 Years Remaining of 25 Years (5 Year Top Up Due at next AGM)
Office HoursThe manager must be contactable at all time during reasonable business hours.

Property Features

Pool
Sauna
Gym
BBQ
Conference Room
Cinema
Concierge
Car ParkingYes. Secured and Gated.
Other Features
Managers Units
Beds3
Bath2
Car Spaces2
FeaturesRenovated kitchen. New Air Conditioning. New Stainless Steel Appliances in kitchen. 2 wall mounted TV’s.
Managers Office
SizeYes. See Information Memorandum.

Management Pricing

Total Price                     $1,565,000

Property Enquiry

1 + 1 = ?

Property Agent

Rod Askew
Director

07 3554 0040

Eric Brizuela
Management Rights Sales Executive | Brisbane

07 3554 0038

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